* CEO Pollaers says SABMiller offer was too low to bother with
* Says rejection of SABMiller bid did not mean it would not engage in talks
* Foster’s rebrands beer business, tweaks name
* Shares trading barely above SABMiller’s rejected offer (Adds analyst quotes, details) (more…)
FAMILY-OWNED independent brewer Coopers Brewery has strengthened its grip on the high-growth premium beer market, inking a deal last night with Japanese brewer Sapporo to brew and distribute the brand in Australia. (more…)
Australian brewing group Foster’s has appointed Andy Gibson to the role of chief marketing officer, effective November 1, 2011. Gibson will be a part of the company’s executive leadership team. (more…)
The gap between the market value of Foster’s Group Ltd. (FGL) and SABMiller Plc (SAB)’s rejected A$9.5 billion ($10.1 billion) takeover bid has almost halved as speculation of a higher offer fades. (more…)
Heineken UK is launching a bottled, premium version of its Foster’s lager in the off-trade to go head-to-head with brands such as Budweiser and Stella Artois. (more…)
SABMiller Plc (SAB), whose A$9.5 billion ($10.2 billion) offer for Foster’s Group Ltd. (FGL) faces resistance from the Australian brewer, may find its ability to pay more hampered by a paucity of cost savings. (more…)
Foster’s Group Ltd. (FGL), Australia’s biggest brewer, hasn’t been in contact with SABMiller Plc (SAB) since rejecting a A$9.5 billion ($10 billion) takeover offer from the maker of Peroni and Grolsch last week. (more…)
SABMiller Plc (SAB)’s A$9.5 billion ($9.9 billion) takeover offer of Foster’s Group Ltd. (FGL) would benefit both companies’ earnings and help them cut costs if a deal is completed, according to Moody’s Investors Service. (more…)
THE board of Foster’s Group awaits the next move in the multibillion dollar takeover battle for the country’s biggest beer company, two private equity operators are hoping some of the takeover dust comes their way as they crank up the search for a strategic partner for alcopop group Independent Liquor. (more…)
SABMiller’s bid for Foster’s Group is expected to take months to resolve, in the absence of any other bidders emerging, as Foster’s tries to get the world no.2 brewer to sweeten its $10 billion offer, investors and analysts said. (more…)
