Beer Business Daily – beer industry news and numbers

**Alert** SABMiller’s Bid for Foster’s Goes Hostile

August 17, 2011**Alert**SABMiller's Bid for Foster's Goes Hostile Dear Client:Events are starting to unfold quickly, folks. After it has secured its financing, SABMiller made a conditional, off-market cash offer to shareholders at the same price that Foster's board rejected in June, which is actually below Foster's last trading price. "SABMiller believes that the proposal put to the Foster's board is attractive and should be put to Foster's shareholders," the company said in a statement. "As there has been no willingness

You need a subscription to access this article.Login now or subscribe to get daily industry insights!

Channels