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Tag Archives: $12.3 billion

• Foster’s accepts SABMiller takeover bid

Foster’s accepts SABMiller takeover bid

Australian brewer Foster’s has accepted a takeover bid from SABMiller. Foster’s said the bid valued the company at AU$12.3 billion, with chairman David Crawford describing the proposal as “compelling”. SABMiller chief executive Graham Mackay said: “We are pleased that we have reached agreement on a recommended transaction to be put to Foster’s shareholders. “Foster’s will […]