13 Aug 2011

Asahi gains control of Charlie's

9:28 am on 13 August 2011

Asahi Beverages says it has successfully taken control of juice-maker Charlie's, gaining acceptances for nearly 91% of the firm.

The Japanese brewer offered 44 cents a share for Charlie's and needed 90% for the deal to go ahead.

Asahi says it will go ahead with the compulsory acquisition of any remaining Charlie's shares.

The offer will close as scheduled at midnight on 2 September 2011.