Foster’s CEO Says SABMiller Offer Was “So Far From Reality”

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The 9.6 billion Australian dollar ($10.54 billion) indicative bid Foster’s Group Ltd. (FGL.AU) received last month from rival brewer SABMiller PLC (SAB.JO) was pitched at a level where it wasn’t worth entering negotiations, the chief executive of the Australian company said Friday. (more…)

Foster’s raises a glass to friendship with renamed Carlton United Brewers

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Foster’s Group has relaunched its iconic beer business with a new name and brand identity as part of its renewed focus as a dedicated, world-class brewer and to celebrate beer’s meaning to Australians. Carlton & United Breweries, the business formed in 1907 through the unification of Foster’s Brewing Company, the Victoria Brewery, the Carlton Brewery and three other Melbourne breweries, has been renamed Carlton United Brewers. (more…)

China Resources to buy domestic retailer for $573 mln

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China Resources Enterprise Ltd , the country’s biggest supermarket operator and top beer maker, said on Friday it plans to buy domestic retailer Jiangxi Hongkelong Department Store for 3.69 billion yuan ($573 million). (more…)

Foster’s does not rule out takeover talks with SABMiller

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* 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…)

Ambev vs. Anheuser-Busch: A Primer on Retained Earnings

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In my last article, I recommended Brazilian beermaker Ambev (ABV). In the comments section an argument was made that Ambev’s parent company Anheuser-Busch InBev (BUD) was in fact the better beer buy. The concern generally centered on Ambev’s growth prospects and hence its valuation. (more…)

SABMiller Trading Update

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SABMiller plc (SAB.L) today issues its Interim Management Statement for the group’s first quarter ended 30 June 2011. The calculation of the organic growth rates below excludes the effects of acquisitions and disposals. (more…)

Grupo Modelo’s quarterly volume grows by 8.8%

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Grupo Modelo, S.A.B. de C.V. and Subsidiaries, the leading brewer in Mexico and producer of the best-selling Mexican beer in the world, on Friday announced its financial and operating results for the second quarter of 2011. During the second quarter of the year, total volume sold in the domestic market, including the imported brand portfolio, increased 8.0% compared to the same period in 2010, for a total of 10.9 million hectoliters. (more…)