Dec 2015 Financial News

No ease up

Dec 02, 2015

THE BANKS HOLDINGS LIMITED (BHL) takeover war is about to get even more tangled.

Brazilian beer giant AmBev, through its subsidiary SLU Beverages Limited, is increasing its offer to BHL shareholders to $7.10 per share, topping the $7 offer from Trinidadian conglomerate ANSA McAL.

But while AmBev was sweetening the pot yesterday, ANSA McAL was heading to court again in another bid to halt the trading of BHL shares.

On this occasion, ANSA McAL went to the Court of Appeal asking it to impose a fresh injunction to bar trading of BHL shares pending the hearing of its appeal against Chief Justice Sir Marston Gibson’s decision to lift a temporary injunction and to allow BHL’s shares to continue trading. (GE)

Source:
GERALYN EDWARD
geralynedward@nationnews.com
Nation News
Wednesday December 2, 2015

http://www.nationnews.com/nationnews/news/75114/ease