Thursday, Jun 30, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Brewer’s takeover plan of Foster’s advances

LONDON -- SABMiller said yesterday it has managed to win the support of the board of Foster’s Group for its takeover of the Australian brewer after increasing its offer to $10.1 billion.

The deal, subject to approval by shareholders and regulators, would bring Australia’s biggest brewer into the portfolio of the world’s second largest brewer.

London-based SABMiller said it had unanimous backing from the Foster’s board for the offer of $5.23 per share. The Australian company last month rejected a lower offer.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…