The Danish brewer Carlsberg and the Dutch brewer Heineken have jointly offered 15,4 billion dollars to purchase the British brewer Scottish & Newcastle after a three-month battle that hinged on control of the British brewer's fast-growing Russian assets. Carlsberg hopes to strengthen its position in Russia, while Heineken will focus on Western Europe.
Carlsberg and Heineken said they offered 800 pence a share in cash for Edinburgh-based S&N, the maker of Foster's beer and Strongbow cider. That's 26 percent more than the closing price on Oct. 16, the day before the largest Danish and Dutch brewers said they were considering an offer. Carlsberg is paying 54.5 percent of the total and Heineken the remainder.
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