Engaging Fosters

June 22, 2011Engaging FostersDear Client:"This is a proposal to the Foster's board ... we expect to engage," said SABMiller chief executive Graham Mackay. "This is not a hostile offer and we have given no indication we would move that way." But Graham indicated that SABMiller will continue to pursue a takeover of Foster's even though they said its initial $10 billion offer "significantly undervalues the company." Heineken appeared to rule itself out of the running on Tuesday. "We see Europe