Hints and tips:
...When SABMiller bought Australian brewer Foster’s last year it paid a multiple of 13 times....
...“The negotiation was over a beer,” quipped John Pollaers, Foster’s chief executive....
...New York-listed Molson Coors also owns a small stake in Foster’s. Foster’s shares rose slightly on Thursday, gaining 1 cent to A$6.35....
...New York-listed Molson Coors also owns a small stake in Foster’s....
...Molson Coors, however, is considered by industry watchers to be more of a minority strategic investor in the event of a bid for Foster’s....
...Foster’s shares closed 12 cents lower at A$5.44....
...The company has also been seen as having a potential future interest in Foster’s, the Australian brewer, after taking indirect control of a 5 per cent share last year....
...Foster’s declined to comment....
...Foster’s did not provide guidance on expected full-year earnings....
...SABMiller already owns the Foster’s brand in India and has a joint venture with Foster’s to brew and sell the brand in the US....
...Molson Coors’ decision to buy a 5 per cent interest in Foster’s, may presage an eventual bid for the beer business....
...Analysts say SABMiller could be a buyer for the whole business, given its strength in India (where it owns the Foster’s brand and is the country’s second biggest brewer) and strategy of developing international...
...Baltika, the Russian brand owned by Carlsberg, and Brazil’s Brahma, owned by InBev, beat brands including Miller Genuine Draft, Foster’s and Molson in the 2008 market value ranking of beer brands by Millward...
...The pair were on Wednesday understood to be planning a friendly offer pricing S&N – whose assets include Foster’s lager and Strongbow cider – at between 720p and 750p per share, valuing the company at between...
...And according to Gerry Adolph, a partner at Booz Allen Hamilton, the consulting firm, there are also signs that the cultures of Sears and Kmart have in any case becoming increasingly similar in recent years...
International Edition