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.

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Joe Bates

Why craft brands are gaining traction

I’ve always maintained that the cards are stacked against craft spirits brands wanting to build a meaningful travel retail presence.

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