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The New Daily
The New Daily
The New Daily

Japanese beer giant to take over Blackmores

The Kirin bid values Blackmores at $1.88 billion, about a 25 per cent premium on its closing price. Photo: Facebook

Japanese beer giant Kirin Holdings has struck a near $2 billion deal to takeover Australian vitamin business Blackmores.

Blackmores’ shares spiked more than 20 per cent after confirmation of the Kirin takeover plan on Thursday.

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