Molson Coors Brewing Co. and Cobra India have joined forces to brew and market Cobra beer in South Asia, an arrangement that will give the brewer a foothold in the fast-growing Asian beer market. (more…)
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…)
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…)
Another Australian icon is being stalked by foreign predators and small local players are worried they could be caught in the crossfire. (more…)
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…)
* SABMiller makes $10.1 bln bid for Foster’s
* Success might mean problems for Modelo’s Corona
* Analysts speculate on Australian distribution (more…)
* 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 (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…)
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…)
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…)
