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 Lion Nathan Ltd., a New Zealand brewing and retail concern, said Friday 
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that Bond Corp. Holdings Ltd. is committed to a transaction 
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whereby Lion Nathan would acquire 50% of Bond's Australian brewing assets.
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 Lion Nathan issued a statement 
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saying 
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it is applying to Australia's National Companies & Securities Commission, the nation's corporate watchdog agency, for a modification to takeover regulations similar to that
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 obtained by S.A. Brewing Holdings Ltd.
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 SA Brewing, an Australian brewer, last Thursday was given approval
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 to acquire an option for up to 20% of Bell Resources Ltd., a unit of Bond Corp.
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 Bell Resources is acquiring Bond's brewing businesses for 2.5 billion Australian dollars 
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(US$1.9 billion).
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 S.A. brewing would make a takeover offer for all of Bell Resources 
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if it exercises the option, 
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according to the commission.
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 Bond Corp., a brewing, property, media and resources company, is selling many of its assets 
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to reduce its debts.
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 Lion Nathan has a concluded contract with Bond and Bell Resources, 
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said Douglas Myers, chief executive of Lion Nathan.
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