Sharechat Logo

Asahi extends closing date for Charlie's bid


Thursday 4th August 2011

Text too small?

Japanese-based Asahi has extended the closing date of its 44c per share cash offer for all the shares in beverage company Charlie's Group by 14 days to midnight on September 2.

The offer is subject to Asahi getting a stake of at least 90 percent of the shares in Charlie's, and by yesterday it had reached 75.19 percent.

Today Asahi said it was extending the offer period to allow remaining shareholders to accept the offer. Under the Takeovers Code, it had to give the shareholders of Charlie's 14 days notice before extending the offer period.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Huge Aussie deal for Charlie's
Charlie's tops own record profit forecast
Australian sales growth turns juice-maker profitable
Charlie's squeezes more profit, Australian sales drive uplift
Charlie's posts second annual loss as costs rise
Daily ShareChat: Charlie's Group Limited
Charlie's forecasts bigger-than-expected loss
Charlie's spurns 'low-ball' offers