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Heineken makes offer for remaining D&G shares


Dutch beer giant Heineken International has offered to purchase the remaining shares of the recently acquired Desnoes and Geddes (D&G) as it moves to consolidate its beer business in the Caribbean and south-east Asia.

In a Take Over Bid Offer Circular issued by Heineken Sweden AB on the Jamaica Stock Exchange (JSE) Monday, the beer company offered to purchase all outstanding shares for US$0.259 per share or 341 per cent premium over the last closing share price prior to the acquisition.

Chairman of the Heineken board Hemmo Parson stated in the release that the deadline time and date for holders of shares to accept the offer, unless extended, is 5:00pm on December 22.

Published in the Observer
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