Tag Archives: Deception

• Battle for Foster’s turns ugly

Battle for Foster’s turns ugly

The battle for Foster’s is turning ugly after SABMiller claimed the brewer made “misleading and deceptive” statements in its full year results presentation. SAB’s bid to take over Foster’s turned hostile last month after the Foster’s board rejected its AU$9.5 billion bid. SAB responded by taking the AU$4.90 per share offer directly to shareholders. The […]