At the end of March, Heineken appeared to be the leading contender in a takeover bid for Scottish & Newcastle. Now the latest rumors have SABMiller considering their own bid to take over the Scottish beer giant for the sum of £6.5 billion (around 12.75 billion in U.S. dollars). If successful, many believe SABMiller would sell off pieces of S&N, specifically it’s French interests along with Foster’s, John Smith’s bitter and Strongbow cider, to international drinks company Diageo. If true, official details should be released by the end of the week.
