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Australia: Australia’s competition watchdog has approved SABMiller’s A$10bn bid for Foster’s Group. “The proposed acquisition is not likely to result in a substantial lessening of competition for the supply of beer,” said…
AUSTRALIA: SABMiller has agreed a recommended AUS$9.9bn ( 7.3bn) cash offer for Foster's Group. The deal ended a three-month pursuit by SABMiller that included two rejected offers one of which was hostile. Foster's will become an important part...
Foster's Group is expected to sweeten its shareholders with a cash handout in a bid to stave off a hostile bid from SABMiller. The Australian brewer will use its annual results tomorrow to announce either a one-off payment or bumper dividends over the next two years, according to the Sunday ...
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