Forum Archive Index - March 2000

[Chris Darby <darby@ak.planet.gen.nz>]

The $2.80 offer for part/all of DBG closes this Monday 27 March.  It is 
clear that a number of large shareholders will reject the offer and the 
90% threshold will not be reached.  Yesterday saw almost 5% of the issued 
capital change hands at 285-287c, an indication that someone is 
determined to milk more out of Asia Pacific Breweries.  APB have twice 
stated, 'no more sweeteners'.

Some analyts say it is worth up to $3.50 for total control and access to 
cashflow.  Speculation also mounts that Corbans may be floated/sold and 
Heineken to be brewed here for the Australian market.  They currently 
receive the costly European product.

I'm up 35% on this but my hunch is there is more to come.  $3.10 to $3.20 
but unlikely $3.50.  

Any thoughts, tips, rumours, broker feedback on this?

Chris

darby@pl.net 

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