Well as I have been saying Schweppes was on the market and being spied from Japan. Got the country right but the company wrong. Drinks giant Asahi Breweries has bought the Schweppes business from Cadbury PLC.
This is subject to The Coca Cola Company not using its last offer rights, which it holds for 90 days. It would be a hard road for the guys from Atlanta to get the business with the ACCC having a close look at the Schweppes bottling arrangements for the Pepsi brand.
The cash sale price of the business is £550 million ($A1.19 billion), which is sightly more than market expectations.
Asahi Breweries
The Age reported that:
BusinessDay believes that unsuccessful bidders included Suntory, the Australian-based Coca-Cola Amatil (which has Coca-Cola as a 30 per cent shareholder) and P&N Beverages.
So I was close but no cigar.
Tim
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