Arab Today, arab today sab in hostile bid for foster\s
Last Updated : GMT 11:24:05
Arab Today, arab today
Arab Today, arab today

SAB in hostile bid for Foster\'s

Arab Today, arab today

Arab Today, arab today SAB in hostile bid for Foster\'s

London - Arabstoday

Brewer SABMiller has announced plans to make a second bid to take over Foster\'s Group, Australia\'s biggest brewer, this time direct to shareholders.The board of Foster\'s rejected SAB\'s initial 9.5bn Australian dollars ($10bn; £6.1bn) offer in June, saying it was too low.SAB, which owns brands such as Grolsch and Peroni, said the bid was attractive and should be put to shareholders.Foster\'s has been the subject of takeover rumours since last year.\"As there has been no willingness to engage in relation to SABMiller\'s proposal on the part of the Foster\'s board, SABMiller has decided to make an offer to Foster\'s shareholders directly,\" the UK-based company said in a statement. There have been talks of a takeover of Foster\'s since it announced plans to break up the company into two parts last year.The brewer spun-off its troubled wine business, which had been seen as deterring potential suitors.Foster\'s beer operations and the wine business, Treasury Wine, were listed separately in May.Any purchase of Foster\'s by SAB will not include the Foster\'s lager brand in the UK and Europe, where it is owned by Heineken.SABMiller shares ended Wednesday 1% higher at 2,139 pence.Its bid values Foster\'s at $4.90 per share. The Australian company\'s shares closed at $4.96 on Wednesday.Foster\'s shares peaked at $5.21 in June after it rejected SABMiller\'s initial bid approach.SAB must gain the acceptance of at least 90% of Foster\'s shareholders for the takeover attempt to succeed. From / BBC

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sab in hostile bid for foster\s Arab Today, arab today sab in hostile bid for foster\s

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday