Chief Executive Officer John Pollaers, three months into the role, may tomorrow announce plans for share buybacks to blunt the appeal of SABMiller Plc (SAB)’s hostile takeover bid as profit drops. (more…)
Global brewer SABMiller is raising a $12.5 billion syndicated loan to back its hostile bid for Fosters , banking sources said on Thursday. (more…)
With SABMiller PLC taking the gloves off in a $10 billion hostile offer to buy Australia’s Foster’s Group Ltd., it’s tempting to imagine what might have been for Japan’s Asahi Group Holdings Ltd. (more…)
SABMiller Plc (SAB), the world’s second- largest brewer by volume, will take its A$9.5 billion ($10 billion) bid for Foster’s Group Ltd. (FGL) directly to shareholders, going hostile after the board rejected the price as too low. (more…)
While SABMiller Plc (SAB)’s A$4.90 offer for Foster’s Group Ltd. (FGL) is unlikely to win over shareholders, the Peroni maker may not have to go as high as the market anticipated two months ago to win Australia’s biggest brewer. (more…)
Foster’s Chief Executive John Pollaers on Friday defended his plans to grow market share in a declining Australian beer market, as the brewer fends off a $10.4 billion bid by world No.2 SABMiller . (more…)
Global brewer SABMiller is set to renew its assault on Australian bid target Foster’s later this month with a slightly higher offer likely to succeed after rival bidders fail to appear, bankers and investors. (more…)
Soft drink supplier Coca-Cola Amatil (CCA) says it will re-enter the beer market despite having to give up its beer operations if SABMiller succeeds in taking over Foster’s Group. (more…)
The 9.6 billion Australian dollar ($10.54 billion) indicative bid Foster’s Group Ltd. (FGL.AU) received last month from rival brewer SABMiller PLC (SAB.JO) was pitched at a level where it wasn’t worth entering negotiations, the chief executive of the Australian company said Friday. (more…)
Foster’s Group has relaunched its iconic beer business with a new name and brand identity as part of its renewed focus as a dedicated, world-class brewer and to celebrate beer’s meaning to Australians. Carlton & United Breweries, the business formed in 1907 through the unification of Foster’s Brewing Company, the Victoria Brewery, the Carlton Brewery and three other Melbourne breweries, has been renamed Carlton United Brewers. (more…)
