The Heineken and Carlsberg consortium said today the effective date of their 800 pence sterling per share takeover scheme for Scottish & Newcastle (S&N) is April 28th.
The consortium also said that S&N will hold an EGM to discuss the takeover proposal on March 31st, while a first court hearing to sanction the scheme will take place on April 23rd.
A second court hearing and the start of the takeover scheme will take place on April 28th.
The consortium also noted that S&N's announcement today that the scheme document has been posted to S&N shareholders.
Heineken and Carlsberg announced a recommended 800 pence per share offer for S&N on January 25th, in a deal valuing the UK brewer's issued share capital at about £7.6 billion sterling.
