Players manoeuvre with Foster’s in their sights Adele Ferguson

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An agreement in principle between SABMiller and Coca-Cola Amatil to dissolve their local beer joint venture pending a takeover bid by SABMiller for Foster’s Group has turned speculation to the next chapter in the bust-up of the country’s biggest beer and wine group. (more…)

SABMiller: Tsogo Sun, Gold Reef Resorts Merger Unconditional

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SABMiller PLC (SAB.JO), the brewer which houses premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch, said Friday all conditions precedent relating to the merger of Tsogo Sun, its South African hotels and gaming associate, with Gold Reef Resorts Ltd. have been fulfilled or waived and accordingly, the transaction has become unconditional. (more…)

Foster’s to cast off wine; beer profit disappoints

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Foster’s Group (FGL.AX), Australia’s largest brewer, pushed ahead on Tuesday with plans to split its beer and wine businesses, but it risked dampening bidder appetite for either unit by also reporting soft first-half profits. (more…)

Foster’s Group told to justify demerger

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The “under siege” board at Foster’s Group must divulge the potential uplifts in profit to be achieved by separating its beer and wine businesses, in the expected formalisation of its demerger plans tomorrow, according to analysts. (more…)

US. Schenck beer distributor sold

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A landmark, homegrown Central Florida beer distributorship with 500 employees across the region and a half-century presence in Brevard County will be purchased by the 25th largest privately held company in America, the companies announced on Thursday. (more…)

In the Spotlight – Diageo dangles M&A as results disappoint

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Diageo is openly seeking more acquisitions in emerging markets and might even have a pop at Jim Beam, but the bullish talk was not enough to crush investors’ disappointment at the drinks giant’s half-year results. Here, just-drinks examines the market reaction. (more…)