"Foster's brewer Scottish & Newcastle eased 10 to 746p as a number of hedge funds shorted the stock in the expectation that the potential takeover by Carlsberg and Heineken would fall apart. The shares are now trading well below the indicative 800p-a-share offer made by Carlsberg and Heineken with the S&N board's blessing. The Takeover Panel has given Carlsberg and Heineken until midday Thursday to signal their intention to make a formal offer or walk away."
http://www.telegraph.co.uk/money/main.jhtml;?xml=/money/2008/01/23/cnmktrep123.xml
Wednesday, January 23, 2008
SCTN
