POSTIVE MIX HELPS FOSTER’S SHAKE TAKEOVER RUMORS

Foster’s showed strong overall beer and wine sales in its second half despite a strong Australian dollar and bad weather. Combined with the company’s plan to buy back about A$350 million worth of stock, Foster’s saw a 6% jump in shares. Stock has fallen 11% so far this year based on currency concerns and rumors that Foster’s might be a takeover target. However, Foster’s says that while it has been approached by almost all private equity buyers, interest has lessened