The board of Foster’s Group has recommended to its shareholders that an improved takeover offer by SABMiller is accepted.

The board of Foster’s Group has rebuffed SABMiller's proposed takeover bid. 

Foster's has rejected a takeover bid from SABMiller. Foster's Group said that it received an "unsolicited, incomplete, non-binding and conditional proposal" from SABMiller to acquire all of the shares in Foster's via a scheme of arrangement at a price of $4.90 per share in cash.

Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

Danil Nevsky

The future for bar shows

The way in which cocktail culture is championed has morphed over the years, but Danil Nevsky says the way forward is to put an emphasis on greater inclusion of the general public in bar shows

Instagram

Facebook