Lion Nathan changes tactics

Brewer Lion Nathan said it would not extend its A$420 million ($481 million) bid for unlisted Coopers Brewery but would continue legal action that could allow it to make another offer later.

The company was also continuing to look at opportunities to expand by entering the dark spirit, ready-to-drink (RTD) market in Australia, where bourbon, rum and whisky-based drinks are among the most popular retail liquor types.

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