Australia: In breath-taking battle Coopers secures a major victory against Lion-Nathan

The Australia Coopers Brewery after a long and breath-taking battle with Lion-Nathan has obtained a major victory in its bid to block Lion Nathan's A$352 million aggressive takeover attempt, reports posted on October 21.

The Supreme Court of South Australia dismissed the appeal filled by Lion Nathan trying to stop a ruling last month which offered to the Coopers shareholders the right to vote the removal of Lion Nathan’s rights to purchase the shares of Coopers.

21 October, 2005