Beer Business Daily – beer industry news and numbers

Foster’s Tax Deal May Muddy SABMiller Bid

July 20, 2011Foster's Tax Deal May Muddy SABMiller Bid Dear Client:Foster's won a decades long case against the Australian tax office that will result in a cash refund of about $412 million. Foster's said in a statement it expected a total cash benefit of about a billion US dollars, from both the cash received and a reduced tax bill in the future. "The Foster's board is currently reviewing its dividend policy and capital management options in light of the successful

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

Channels