Grupo Modelo SAB de CV (GMODELOC) discussed with its board of directors a proposal to make a joint bid with Molson Coors Brewing Co. (TAP) for Foster’s Group Ltd. (FGL), though didn’t put the plan up for a vote at a meeting this week, said a person with knowledge of the matter. (more…)
Grupo Modelo SAB de CV (GMODELOC), the Mexican brewer of Corona beer, will seek board support for a possible joint bid with Molson Coors Brewing Co. (TAP) for Foster’s Group Ltd. (FGL) at a June 13 meeting in Mexico City, according to people with knowledge of the situation. (more…)
There has been a rumor that Molson Coors Brewing Co. (NYSE:TAP) is eyeing Australia’s largest brewer Foster’s Group Ltd. Molson Coors is to join with Mexico’s Grupo Modelo for coming out with the joint bid offer to takeover Foster. (more…)
Australian brewing giant Foster’s Group Ltd. said Friday it had nothing to disclose in regard to a potential buyout of the brewer after media reports indicated bidders were beginning to circle. (more…)
* Molson, Modelo weigh joint bid for Foster’s – source
* Banks including BoFA, Deutsche helping w/ financing
* Foster’s ADRS up 5.5 pct; Molson shares down 3 pct (Adds company background, details on potential bidders, analyst comment, Molson Coors closing share price) (more…)
May 05 (Fitch) Fitch Ratings has today affirmed Foster’s Group Limited’s (Foster’s) Long-Term Issuer Default Rating (IDR) at ‘BBB’ and Short-Term IDR at ‘F2’. The Outlook is Stable. (more…)
Foster’s Group Limited announced that Foster’s shareholders approved the demerger of Treasury Wine Estates Limited on Friday. Foster’s will now seek orders from the Supreme Court of Victoria for approval of the scheme of arrangement to effect the demerger at a hearing scheduled for Wednesday, 4 May 2011. (more…)
Speculation is intensifying that a foreign predator could swoop on one of Australia’s best-known companies – Foster’s – now the demerger of its beer and wine businesses is almost complete. (more…)
Australia’s biggest brewer Foster’s Group has done an admirable job growing its margin on earnings before interest and tax (EBIT) at its prized Carlton & United Breweries beer unit. (more…)
SABMiller has become the latest London-listed company to clash with Indian regulators after New Delhi demanded payment of $39.5m in tax on the brewery group’s 2006 acquisition of Indian assets from Foster’s, the Australian brewer. (more…)
