* Claims statements by Foster’s were “misleading and deceptive”
* SABMiller says net debt figures don’t meet Australian standards
* Panel to review application to be established on Monday
* SABMiller trying everything it can to keep down price-analyst (more…)
Asahi Group Holdings Ltd., Japan’s biggest beermaker by volume, plans to take advantage of the world’s lowest interest rates and sell bonds for the first time since last year to finance overseas acquisitions. (more…)
The French company Malteries Soufflet is acquiring the malt production of Bulgaria’s oldest commercial brewery “Kamenitza.” (more…)
A sustained appreciation in the value of the Australian dollar or the arrival of an aggressive private equity player are regarded as the only factors that might impede SABMiller’s success in acquiring control of Australian brewer Foster’s. (more…)
* SABMiller nets 10 out of 12 banks
* Dollar funding costs high for European banks
* Further syndication possible (more…)
Foster’s Group Ltd. (FGL), Australia’s biggest brewer, is open to discussing a “sensible” bid with SABMiller Plc (SAB) after refusing to enter detailed negotiations on the U.K. company’s hostile A$9.5 billion ($10 billion) offer. (more…)
Beijing Yanjing Brewery Co. Ltd. (000729.SZ), one of China’s largest brewers, is to acquire a 100% stake in Xingtai Tianniu Beer Co. Ltd. for RMB 107.72 million in a bid to build growth in the country’s emerging beer markets. (more…)
FOSTER’S shares pretty much kept pace with the sharemarket’s latest rally yesterday despite a pedestrian June 30 result because there was enough in the profit and what chief executive John Pollaers said about it to suggest that SABMiller will need to sweeten its $4.90 a share offer to win control. Not to the $6 mark that Foster’s wants, however. (more…)
Heineken NV, the world’s third largest brewer, warned weak consumer sentiment and a damp European summer would depress 2011 earnings after the first half missed expectations, driving its shares to a 21-month low. (more…)
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…)
