Suntory's price too much for Kirin to swallow
China Daily | Updated: 2010-02-09 07:44
|
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.
Photo
