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The proposed takeover of Aussie brewer Foster s Group has been waved through by the country s competition watchdog. The Australian Competition Consumer Commission yesterday said it would not stand in the way of the swoop by SAB Miller.
Iceland has splashed the cash on a £14.6m pay rise bonanza for its staff, boosting salaries across the company by as much as 45%.
The board of Foster’s Group has advised its shareholders to turn down the £6.2bn bid tabled by SAB Miller earlier this week. Bosses at the Aussie brewer said the AUD4.90 a share offer “significantly undervalues the company in the context of a change of control”.
You won’t miss it when you give it; but patients could miss it if you don’t.
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