Charlie's takeover given green light
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Save Japanese-based Asahi Group says it has Overseas Investment Office consent to take over beverage company Charlie's.
Under the offer which opened last Thursday, Asahi is offering 44c for each Charlie's share, valuing the company at $129 million.
The offer remained conditional on Asahi receiving acceptances for 90 per cent or
more of the Charlie's shares, Asahi said today.
On Friday Asahi said it had received acceptances for 53.2 per cent of the shares.
- NZPA
