6 Aug 2011

Takeover offer for Charlie's extended

6:45 am on 6 August 2011

Japanese brewer Asahi has extended its takeover offer for juice maker Charlie's by two weeks, to give shareholders more time to accept.

Asahi has acceptances giving it 75.2% of the firm but needs 90% for the $129 million takeover deal to go ahead.

Asahi says it believes the 44c-a-share offer is compelling and an extra two weeks will give shareholders more time to accept.

The offer now closes on 2 September.