Joint Bid for Foster’s Unlikely

June 15, 2011Joint Bid for Foster's UnlikelyDear Client:A joint bid for Foster's Group by Grupo Modelo and Molson Coors looks increasingly unlikely after Modelo executives decided not to put the proposal up for vote at their Monday board meeting, according to a report in the Wall Street Journal. It was questionable that ABI would agree to such a deal, as it makes Modelo that much bigger to swallow. The Journal cited unnamed sources who say the complexity of the deal