Asahi Taps Aussie Beverage Co. In $322M Deal

Law360, New York (August 26, 2010, 1:24 PM EDT) -- Asahi Breweries Ltd. revealed plans Thursday to fork over AU$364 million ($322 million) to acquire Australian fruit juice maker P&N Beverages Australia Pty. Ltd., a move the Japanese beverage giant said would boost its footprint in the global beverage business.

The deal, which is expected to close by the end of November, will make Asahi Australia's second-largest soft drinks maker, the company said. P&N is currently Australia's third-largest soft drink company by volume in the country.

Under the terms of the deal, Asahi subsidiary Asahi Holdings...
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