Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : BEER -- Ignore unavailable to you. Want to Upgrade?

To: FREAKAZOID who wrote (1205)	6/11/1999 4:02:00 PM
From: SIer formerly known as Joe B.	Read Replies (1) \| Respond to of 3689

Mayor Wants End to Drinking on Porch Wednesday June 9 8:13 PM ET dailynews.yahoo.com FORREST CITY, Ark. (AP) - The mayor here says he is tired of driving down the street and seeing folks sitting on their front porch drinking beer. So Mayor Larry Bryant wants the city's police department to issue citations for public drinking. ******************************************************************** Thursday June 10, 1:51 pm Eastern Time Heineken Buys Stake in Brewery LONDON (AP) -- Dutch beer company Heineken NV has agreed to pay $919 million in cash for Diageo PLC's majority stake in Spain's biggest brewery. The British food and drinks conglomerate said Thursday that it will earn a profit of $105 million on the sale of its 88 percent share in Cruzcampo SA. Cruzcampo accounts for a quarter of all beer sold in Spain, the third-largest beer market in the European Union. Heineken already owns a majority stake in that country's No. 3 brewer, El Aguila. The sale requires approval by the European Commission, but Diageo spokeswoman Kathryn Partridge said the companies expected to satisfy regulatory requirements within eight weeks. Diageo had received several unsolicited expressions of interest in Cruzcampo, said Colin Storm, chief executive of Guinness, Diageo's brewing division. By selling Cruzcampo, Diageo further streamlines its product range to focus on better-selling brands like Guinness Stout and the Johnnie Walker and J&B Scotch whisky labels. Diageo also owns the Pillsbury, Haagen-Dazs and Burger King brands. It was formed by the merger of Grand Metropolitan and Guinness in 1997. Amsterdam-based Heineken is the world's second-largest brewer after Anheuser-Busch Inc. of the United States. ''If I can drive down the street in my vehicle with my child and see people drinking, they should be stopped,'' Bryant said. ''To me, if I can see them, it is public. Where are my rights as a parent and citizen to not have to subject my child to this?'' City Attorney Knox Kinney said he doubts the charge citations would hold up in court. ''I just can't see officers arresting people on their front porches with a beer in their hands, if they aren't causing some other sort of problem as well,'' he said.