: "Coopers shareholders have effectively stopped Lion Nathan's takeover bid for the Adelaide brewer. They voted overwhelmingly to remove Lion Nathan from the Coopers constitution at this morning's extraordinary general meeting at Coopers Brewery. The shareholders voted 1,153,519 to 81,293 - or 93.42 per cent to 6.58 per cent of the shares cast - to remove references to Lion Nathan from the Coopers constitution. A vote of 75 per cent was required to carry the motion. An overwhelming 97 per cent of shares eligible to vote participated in the meeting. 'It doesn't get much more decisive than this,' said managing director Tim Cooper. 'The shareholders have spoken and have said to Lion Nathan: 'Go away.'' The Cooper brothers celebrated with shareholders today, riding atop a Coopers cart drawn by their famous Clydesdale team, with a sign attached to the back of the cart: 'Sam & Jacob say 'Not For Sale''"
Posted at 1:36 PM #