Heineken makes a run at Pub Taverns

|About: Heineken N.V. ADR (HEINY)|By:, SA News Editor

Heineken (OTCQX:HKHHF, OTCQX:HEINY) is involved in a heated battle to take over Punch Taverns (OTC:PCTVF), according to Sky News.

Sources indicate that Heineken has approached the pub operator's board about a deal, but faces resistance from Punch Taverns founder Alan McIntosh.

Shares of Punch Taverns are up 20% in London trading to sail past their 52-week high.

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