I hear the Scweppes deal is very much over the line but if that is the case then it is probably not National Foods, it is more likely to be P&N Beverages or Suntory. My money is on Suntory at this stage due to the high profile of the Lion Nathan Deal with CCA.

What might be holding up the deal is the renegotiaion of the Pepsi bottling agreement with Cadbury Schweppes.  The new buyer would prefer this agreement in the deal to give access to the volume for distribution savings.

Any News?

Tim