Tuesday, May 8, 2012

UPDATE 1-Asahi to buy Japan drinks maker Calpis for $1.5 bln

TOKYO, May 8 (Reuters) - Brewer Asahi Group Holdings
said it will buy soft drinks maker Calpis Co for about
120 billion yen ($1.5 billion), its largest deal to date as it
seeks new revenue sources, and a move that could hasten a
realignment of Japan's beverage sector.

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