Financial Times FT.com

S&N keeps door open for rival bids

By Jenny Wiggins

Published: January 24 2008 21:10 | Last updated: January 25 2008 19:38

Scottish & Newcastle kept a door open for rival bidders even as its board agreed to recommend a £7.8bn cash takeover bid from Carlsberg and Heineken, pushing the British brewer closer to foreign ownership.

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Jenny Wiggins

Jenny Wiggins looks at the implications of the deal

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