| | S&N acquires $2.7B Kronenbourg - Mar. 20, 2000 |
 | | LONDON (CNNfn) - Britain's largest brewer, Scottish and Newcastle, agreed Monday to merge its brewing operations with the Kronenbourg unit of France's Danone in a deal that could value their partnership at up to 1.7 billion pounds ($2.7 billion). |
 | | Under terms of the deal, Danone (PBN) can sell its remaining interest in the partnership for 1.2 billion pounds at any time in the next three years. |
 | | The Kronenbourg unit also includes Alken Maes in Belgium and Birra Peroni in Italy, each of which ranks second in its home market. |
| money.cnn.com /2000/03/20/europe/beer (609 words) |