Australia's leading beer conglomerate Foster's has rejected SABMiller's offer to acquire the former at $ 10 billion. SABMiller’s unsolicited attempt to buyout Australia’s number one brewer underscored its $10 billion offering as an undervaluation.
SABMiller CEO Graham Mackay extolled the virtues of Foster’s stability, presence and popularity on the company website.
From: http://ping.fm/ng26k
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