SBD/6/Franchises

RUMORS FLY OVER LABATT'S "WHITE KNIGHT"

     Rumors ran "rampant" that John Labatt Ltd. was "poised to
announce a 'white knight' bid to counter" Onex Corp.'s C$2.3B
hostile bid for the company, according to Paul Brent in this
morning's FINANCIAL POST.  Brent reports that "Labatt had a
directors' meeting yesterday morning and had staff working
through the weekend, reportedly on another bid."  A source close
to the company told the FINANCIAL POST that Belgium-based
Interbrew S.A. had bid on Labatt's, at C$28.50 a share, but
withdrew or delayed it because of complications related to TSN,
the cable sports network owned by Labatt (FINANCIAL POST, 6/6).
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Franchises, Labatt Brewing

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