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Tag Archive: Foster’s

SABMiller Takes Foster’s Bid Directly To Shareholders

After receiving a cold shoulder on its initial June buyout bid from the board of Australian beer market leader Foster’s, SABMiller has now put the same offer, A$4.90 ($5.17) per share, or A$9.51 billion ($10b) in total, directly to the brewer’s shareholders in a conditional, off-market, cash takeover bid. Continue reading →

Posted in News on August 17, 2011

News Briefs for August 5, 2011

•The Pennsylvania Liquor Control Board’s (PLCB) wine kiosk initiative in PA grocery stores may soon come to an end, according to a report in the Philadelphia Inquirer. Continue reading →

Posted in News on August 5, 2011

News Briefs for July 29, 2011

•Diageo’s Crown Royal has announced it will officially sponsor the 2012 NASCAR Sprint Cup Series race at Indianapolis Motor Speedway. Continue reading →

Posted in News on July 29, 2011

News Briefs for July 14, 2011

•Pennsylvania House majority leader Mike Turzai has introduced a bill aiming to privatize the control state’s retail wine and spirits stores, currently run by the Pennsylvania Liquor Control Board (PLCB). Continue reading →

Posted in News on July 14, 2011

Treasury Share Price In Roller Coaster Ride As Takeover Rumors Drive The Market

Shares of Treasury Wine Estates closed at A$3.50 ($3.74) Wednesday on the Australian Securities Exchange in Sydney, down 2.51% as the share price continued to tumble following Tuesday’s denial by China-based Bright Food Group that it was planning a bid for the company. Continue reading →

Posted in News on July 6, 2011

Foster’s Rejects 11.9b Offer, But SABMiller Will Pursue

SABMiller is first into the water with a $11.9 billion (including debt) offer for Foster’s, but it may not be alone in the chase for the top Australian brewer for long. Continue reading →

Posted in News on June 21, 2011

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