"Foster's brewer Scottish & Newcastle dipped a further 11 to 735p despite Carlsberg insisting that it had the financing for its 800p-a-share indicative offer in place ahead of today's midday deadline. There has been speculation that Carlsberg needed more time to firm up its bid and it is thought that negotiations will have extended until late into the night."
http://www.telegraph.co.uk/money/main.jhtml;?xml=/money/2008/01/24/cxmktrep124.xml