Elders target?
Elders IXL is reportedly considering a £1.3 billion (SNZ3.3B) bid for Scottish and Newcastle Breweries (S and N). The "Sunday Times" said Elders chairman, Mr John Elliott, recently tried to enter takeover discussions with Alick Rankin, chief excecutive of S and N. Elders recently topped up its interest in S and N to 9.33 per cent and analysts believe the Australian company has con- I tinued to buy S and N scrip.
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Press, 16 August 1988, Page 23
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74Elders target? Press, 16 August 1988, Page 23
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