Bottoms up down under with SABMiller Foster's deal

2011-09-21 82

Brewing giant SABMiller has agreed to buy Australian beermaker Foster's for 8.6 billion euros, including debt. The purchase will make SABMiller number one in the beer market down under. The price is an improvement on the original offer which the London-based brewer of Peroni, Miller Lite and Grolsch had turned into a hostile bid after Foster's rejected it as too low. ... http://www.euronews.net/