Foster’s board unanimously recommends shareholders reject SABMiller’s offer
Foster’s board unanimously recommended its shareholders to reject SABMiller’s offer, the company said in a statement on Monday. (more…)
Foster’s Affirms Rejection of SABMiller’s $9.6 Billion Bid as ‘Inadequate’
Foster’s Group Ltd. (FGL), Australia’s biggest brewer, affirmed its opposition to SABMiller Plc (SAB)’s hostile takeover bid after the cash offer was cut to A$9.25 billion ($9.6 billion) on dividends paid. (more…)
SABMiller to launch Foster’s bid after skirmish
* SABMiller prepares to publish formal bid
* Foster’s shares below SABMiller bid price
* Foster’s says SABMiller claim “frivolous and petty”
* SABMiller says pleased has clarity on Foster’s debt
* Foster’s books deferred tax asset of A$447.5 mln (more…)
San Miguel Says to Stay Listed After Ang Says Brewer May Be Taken Private
San Miguel Corp. (SMC) pledged to remain a publicly traded company, a day after President Ramon Ang said it was considering going private because disclosure requirements were hampering acquisition plans. (more…)
SABMiller JV to bid for Shaoguan Huoli Beer
SABMiller-China Resources Enterprise JV, China Resources Snow Breweries (CR Snow), has plans to bid for Shaoguan Huoli Beer Co, a Guangdong-based brewery, in the process of its expansion in the southern province. (more…)
Russia. Baltika Breweries Holds Extraordinary General Shareholders’ Meeting
The Extraordinary General Shareholders’ Meeting was conducted on 1 September 2011 by absentee ballot. Baltika’s shareholders approved the conversion of preference shares to ordinary shares. (more…)
CR Snow Breweries Bids for Houli Beer; Eyes Guangdong Market
CR Snow Breweries Co. Ltd., China’s biggest beer maker by production volume, is planning a bid for Guangdong-based Shaoguan Huoli Beer Co. Ltd. as it seeks to expand its presence in the southern province. (more…)
Heineken starts next phase of share repurchasing programme
Heineken N.V. announced today that in connection with the acquisition of FEMSA Cerveza that was completed on 30 April 2010, it will begin the next phase of repurchasing its own shares up to a maximum value of €225 million. (more…)
Foster’s loses ground to rivals in packaged beer segment
FOSTER’S continued to surrender market share in the crucial packaged beer segment in the July quarter, a development that is likely to strengthen suitor SABMiller’s hand in the $9.5 billion takeover battle between the two companies.
As Foster’s robustly defended its reporting practices before the Takeovers Panel yesterday, figures from market researcher Neilsen showed that CUB’s share of the local packaged beer market declined over the three months to the end of July. (more…)
Diageo Submits Highest Offer for Ethiopia’s Meta Brewery, Fortune Reports
Diageo Plc (DGE), the world’s biggest liquor maker, submitted the highest bid for Ethiopia’s state- owned Meta Abo Brewery, the Addis Fortune reported. (more…)