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SABMiller sales ride high on emerging market growth
Despite a drop in beer volumes in North America and Europe, SABMiller reported a rise, boosted by the growth in African and Latin American markets.
Foster
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SABMiller’s interim profits soar by 23%
SABMiller has reported its first-half net profits surged by almost one quarter thanks to the rapid growth in Asia, Africa and Latin America.
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Foster’s CEO defends SABMiller takeover
Foster’s defended the decision to approve SABMiller’s takeover of the Australian brewer, putting it in foreign hands for the first time in 150 years.
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SABMiller to take over Foster’s for $10-billion
Australian beer giant Foster’s has accepted an improved takeover offer worth Aus$9.9-billion from British-based brewer SABMiller.
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Foster’s rejects SABMiller bid, again
Foster’s rejected a $10-billion offer from rival SABMiller for the second time as it holds out for a better offer from the global brewing giant.
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SABMiller launches new $10-billion bid for Foster’s
SABMiller went hostile with its $10-billion bid for Australia’s Foster’s Group, going direct to shareholders at a discount to Foster’s last trade.
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Ratings say SABMiller-Foster’s deal will benefit both
Global ratings firm Moody’s believes that a successful SABMiller’s acquisition bid of Australian brewer Foster’s would benefit both companies.
SABMiller thirsts for Bruce’s lager
Shares in the Foster’s group jump 14% with investors betting on an improved offer or a counterbid.
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Drawn-out affair expected for SABMiller-Foster deal
In the absence of any other bidders, SABMiller’s bid for Foster’s is expected to take months to resolve, as it tries for a better deal from SABMiller.
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SABMiller’s $10-billion bid for Foster’s rejected
Australian beer giant Foster’s has rejected an initial $10-billion takeover bid from SABMiller, which said it would still pursue the group.