Scottish & Newcastle agrees takeover

Carlsberg and Heineken have agreed a joint to break up Britain's biggest brewer.

Morningstar.co.uk Editors 25 January, 2008 | 7:48AM

Denmark's Carlsberg and Dutch-based Heineken said the deal was recommended by S&N. Their 800p per share offer values the maker of Foster's and Kronenbourg at just over £10bn including debt and pension liabilities.

However, the companies unexpectedly revealed that S&N would not be paying dividend for the year ending 2007. The brewer paid a 21.31p dividend in 2006 and had been forecast to pay out between 22p and 27p on last year's earnings.

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