Foster's Rejects A$9.51 Billion Bid From SABMiller
2011年6月21日 - 8:43AM
Dow Jones News
Australian brewer Foster's Group Ltd. (FGL.AU) said Tuesday it
had rejected a 9.51 billion Australian dollar (US$9.98 billion)
cash takeover offer from SABMiller PLC (SAB.JO).
Foster's said in a statement SABMiller had made an unsolicited,
incomplete, non-binding and conditional offer to acquire all
Foster's shares for A$4.90 a share.
"The board of Foster's believes that the proposal significantly
undervalues the company in the context of a change of control and,
as such, it doesn't intend to take any further action in relation
to it," the company said.
An Australia-based spokeswoman for SABMiller declined to
comment.
-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095;
gavin.lower@dowjones.com
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