Tag Archives: David Crawford

• 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 […]

• Foster's on track to cut costs from its bottom line

FOSTER’S is on track to snip $100 million in costs from its bottom line to help transform the struggling beverages group into a ”pure play” wine and beer business that can compete better with rivals. Although the Foster’s board is yet formally to approve a demerger of the wine and beer divisions, the chairman, David […]