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CARLSBERG BREWERY OF DENMARK TO EMERGE IN LABATT DEAL?
Published May 24, 1995
Shares of John Labatt, Ltd. "continued to rise to record highs for the year as investors expect a bidding war for the brewing and entertainment giant," writes Marina Strauss in this morning's Toronto GLOBE & MAIL. In Toronto, shares closed at C$25.62, up C.50 cents from the previous day in heavy trading. Strauss reports that one of the brewers that may be interested is Carlsberg AS of Denmark. Labatt makes Carlsberg under an agreement in Canada. Anheuser-Busch is also frequently mentioned as a possible bidder (Toronto GLOBE & MAIL, 5/24). Labatt is part owner of the SkyDome, 90% owner of the Jays, and full owners of the Argonauts and sports cable network TSN.