The Race for Foster’s
Australian for Bidding War?

Dear Client:The hunt is on. Since Sunday's revelation from the Times that SABMiller is likely preparing a nearly $11 billion bid for the beer division of Foster's (Carlton & United Breweries), Foster's stock spiked 7% on the news, although it said there has been no formal offer had been received by any brewer. The Australian reports that SABMiller has retained JPMorgan and Royal Bank of Scotland to assess a bid prior to the demerger of Foster's beer and wine divisions