Predator keen to revitalise premium beer market
SABMiller would use Foster’s to launch super-premium beer brands in Australia to unlock tens of millions of sales dollars if its bid for the brewer succeeds, industry experts say. (more…)
Glass still half-empty for SABMiller’s move on beer market leader Foster’s
SHAREMARKET traders pushed Foster’s share price up another 1 per cent yesterday in anticipation of a bid bump from London-based SABMiller, but with the shares now 30 cents above the London-based group’s initial $4.90 a share proposal, caution is needed. (more…)
Australia. Small brewers feel threat from Foster’s takeover bid
Another Australian icon is being stalked by foreign predators and small local players are worried they could be caught in the crossfire. (more…)
SABMiller Discipline Tested by Foster Bid
In building SABMiller Plc (SAB) from Africa’s biggest brewer to the world’s second-largest by volume, Chief Executive Officer Graham Mackay has earned a reputation for not paying too much for purchases. His desire to snare Foster’s Group Ltd. (FGL) will test that discipline. (more…)
Modelo’s Oz exports seen at risk from SAB-Foster’s
* SABMiller makes $10.1 bln bid for Foster’s
* Success might mean problems for Modelo’s Corona
* Analysts speculate on Australian distribution (more…)
Heineken shows no appetite for Foster’s counterbid
* Heineken focus outside Europe is on emerging markets
* Prefers to spend money on Mexico, Brazil, Africa or Asia
* No comment on possible counterbid for Foster’s
* Heineken shares up 0.4 percent at 40.93 euros (more…)
Coca-Cola Amatil Amends SABMiller JV, Paves Way For Foster’s Bid
Coca-Cola Amatil (CCL.AU) and SABMiller Plc.(SAB.JO) are amending the terms of their joint venture amid a bid for the South African listed brewer to bid for Australian beer maker Foster’s Group Ltd. (FGL.AU). (more…)
Foster’s jumps 13% after rebuffing $10 bln bid from SABMiller
Shares in top brewer Foster’s Group (FGL.AX) jumped 13 percent on Tuesday after it rejected a A$9.5 billion ($10 billion) takeover offer from global brewing giant SABMiller (SAB.L). (more…)
Foster’s Rejects SABMiller Bid
SABMiller PLC said Tuesday it will pursue a takeover of Foster’s Group Ltd. after the Australian beer maker rejected an initial 9.51 billion Australian dollar (US$9.98 billion) offer from the global brewer. (more…)
Molson-Coors, Modelo’s Bid for Foster’s Seems Unlikely
A joint bid for Foster’s by Molson Coors Brewing (TAP) and Mexico’s Grupo Modelo seems unlikely after Modelo executives chose not to put the proposal up for vote at a board meeting on Monday, according to The Wall Street Journal. (more…)