11/16/2008

Stocks expected to open weaker

Monday, Australia's second-largest brewer Lion Nathan Ltd. Cola Amatil says it has received a non-binding merger proposal from brewer Lion Nathan. Coca Cola Amatil has surged 16 per cent since it confirmed it has received a merger proposal from brewer, Lion Nathan. Cola Amatil (CCL) valuing the company at $7.66bn. Brewer, Lion Nathan is the major earnings result this week, along with AWB Ltd. Cola Amatil merger talks, as reported by the Australian Financial Review, make a lot of sense. year results and full-year data will be released by Lion Nathan and AWB.

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