Charlie's takeover goes unconditional
Japanese drinks company Asahi today reached 90.6% ownership of juice maker Charlie's, allowing it to proceed to compulsory acquisition of remaining stock.
Japanese drinks company Asahi today reached 90.6% ownership of juice maker Charlie's, allowing it to proceed to compulsory acquisition of remaining stock.
The takeover offer of 44c a share, valuing Charlie's at $129 million, was declared unconditional.
The offer will close as scheduled at midnight on 2 September 2011. Asahi also intends to shortly proceed with compulsory acquisition of any remaining Charlie’s shares for which the holder has not yet accepted the offer in accordance with the Takeovers Code.
Charlie’s shareholders who have not already accepted the offer can to do so before the close of the offer period at midnight on 2 September 2011.
NBR staff
Fri, 12 Aug 2011
Fri, 12 Aug 2011
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Charlie's takeover goes unconditional
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