Cobra Beer could be up for sale, according to the Telegraph. Documents promise investors a 'full exit in 36 months' and state a trade sale is likely. Cobra has identified SABMiller, InBev, Molson Coors, Carlsberg and Anheuser-Busch as 'obvious buyers' and Heineken and Kirin 'possible buyers'. The company is trying to secure £13m from City investors to help fund its rapid expansion in India.
Carlsberg will double its share capital to fund its acquisition of Scottish & Newcastle by raising DKr30.5bn [£3.3bn] in what the FT said was Denmark's largest rights issue. Carlsberg priced the 76.28 million new B shares at DKr400 [£43], a 40% discount to last Wednesday's stock price. The proceeds would replace the loan Carlsberg took out to raise funds to acquire S&N with Heineken, it said.
The goodness that smoothies deliver with their fruit content may be outweighed by the damage they do to teeth, according to the Express. Dentists have warned that the drinks' sugar and acid content could cause an 'erosion epidemic'. According to research, more than 30% of Britons thought smoothies were good for their teeth, said the paper.
Celery generates compounds that can fight Alzheimer's, according to research cited in The Sunday Times. The compounds appear to block the inflammation that causes victims' brains to shrink and die. In animal experiments they reduced the levels of amyloid beta, which forms the sticky deposits that build up in the brains of patients with Alzheimer's.