(Barbados Nation) Trin-idad conglomerate ANSA McAL Limited is preparing to flex its financial muscle with a Bds$337.2 million offer to “all” Banks Holdings Limited (BHL) shareholders.
Brazilian beer giant AmBev, which already owns 40.7 per cent of BHL through subsidiary SLU Beverages Limited, has tabled a Bds$4 per share offer for the remaining 38.4 million shares it does not now own. That offer expires at 3 p.m. on October 26.
However, ANSA McAL, whose Carib and Stag beer brands are major competitors to BHL’s Banks, Deputy and other brewed beverages, is raising the stakes, offering Bds$5.20 per share for full control of the Barbados beverage group.
