Foster’s Rebuffs SABMiller’s Advances

June 21, 2011Foster's Rebuffs SABMiller's AdvancesDear Client:It's sometimes tough to be a suitor. (I know, because I chased Lulu for two years before she agreed to marry me). SABMiller, the acquisitive brewer who is trying to catch up to ABI in the scale department, made a bold $10 billion offer for the beer division of Australia's Foster's, but it was rebuffed. SABMiller said it will continue to pursue its quarry. SABMiller's timing wasn't great, as the Grupo Modelo/Molson Coors rumor