The Week: City news - S&N sold to beer-makers

Heineken and Carlsberg have bought Scottish & Newcastle for £7.8 billion.

The 800p-a-share deal was reached after three previous advances were rejected. The company is to be split between Carlsberg and Heineken once the takeover is completed. S&N is the UK's largest brewer, with brands such as Newcastle Brown Ale and Foster's, and is the world's seventh-largest brewer by sales volume.