Lion Nathan Takeover Bid
In late 2005, Lion Nathan made an unsolicited takeover bid for Coopers, which was strongly opposed by the board and by the Cooper family. It was ultimately rejected at an Extraordinary General Meeting when the holders of 93.4% of the shares voted in favour of permanently removing the 3rd tier purchasing rights of Lion Nathan, effectively preventing any current or future takeover bid.
Read more about this topic: Coopers Brewery, History, 2005
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