Something went wrong with the connection!

FDBusiness.com

Foster’s Board Rejects SABMiller’s Hostile Offer

 Breaking News

Foster’s Board Rejects SABMiller’s Hostile Offer

August 19
13:14 2011
Spread the love

The board of Foster’s intends to advise shareholders to reject SABMiller’s proposed offer of A$4.90 per share in cash. Indeed, the board has reiterates its belief that the offer, at the same price as SABMiller’s initial offer made in June, significantly undervalues Foster’s.

 

Foster’s beer portfolio includes Australian icons such as VB, Cascade, Crown Lager, Carlton Draught and successful imports Asahi,Coronaand StellaArtois. Through its Carlton United Brewers business, Foster’s isAustralia’s largest brewer, controlling about half of the beer market.

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

    Subscribe Here



    Advertisements