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Suntory's price too much for Kirin to swallow

China Daily | Updated: 2010-02-09 07:44

Suntory's price too much for Kirin to swallow

A barman prepares two mugs of Kirin beer for customers at a bar in Tokyo. Suntory wanted about 0.9 percent of a share for each Kirin share in a new holding company. Bloomberg News

TOKYO: Kirin Holdings Co, Japan's largest beverage company, ended talks to buy Suntory Holdings Ltd that would have created the world's fifth-biggest foodmaker after balking at a $10 billion asking price.

Suntory's price too much for Kirin to swallow

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