Carlsberg and Heineken Make a Run at S&N

Scottish & Newcastle, England's largest brewer, has been the belle of the ball for a long time. There has been endless speculation in the UK financial press about who will buy S&N, particularly its high growth BBH unit. But S&B isn't really for sale. Really. Truly. Yesterday it became apparent that Carlsberg, S&N's partner in BBH, and Heineken NV are in discussions regarding the creation of a consortium to make a cash offer for S&N. Problem is, S&N hasn't received