CARLSBERG BREWERY OF DENMARK TO EMERGE IN LABATT DEAL?
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.