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Japanese brewer Kirin has stepped up its push into healthcare after launching a A$1.9bn ($1.3bn) takeover offer for Australiaâs largest vitamin company Blackmores. The company, founded in the 1930s, is one of Australiaâs best-known alternative healthcare brands. Marcus Blackmore, Blackmoresâs largest shareholder and son of the founder, and the companyâs board backed the Kirin offer of A$95 a share, an almost 24 per cent premium to the shareâs closing price on Wednesday.
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>>> Read more: Japanese brewer Kirin strikes $1.3bn deal to buy Australian vitamin company
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>>> Read more: Japanese brewer Kirin strikes $1.3bn deal to buy Australian vitamin company
