24-hour extension for Scottish & Newcastle bidders

Analysts anticipate a dawn raid after the UK takeover regulator gave Carlsberg and Heineken one more day to sort out details of their £10bn offer for the brewer.

Morningstar.co.uk Editors 24 January, 2008 | 11:39AM

The Takeover Panel, which had previously set a "put up or shut up" deadline of midday today, said in a statement that it had made the decision following representations from the advisers to S&N, and had also consulted with the advisers to the bid consortium.

The John Smiths and Newcastle Brown maker responded by indicating that the delay was because of a problem between Carlsberg and Heineken.

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