Trademagazin > News and articles > Company and Personal News > SABMiller's ten billion USD bid refused
SABMiller's ten billion USD bid refused
A huge business transaction is preparing in the beer brewing industry: SABMiller took a 10 billion bid for Foster's.
Due to the news the Australian company's shares increased by over 13 percent, despite the fact, that they did not accepted the offer of SABMiller. It appears that the investors are waiting for a higher offer.
SABMiller would finance the transaction from existing cash balances, and from loan. The Foster's declined the offer, claiming that the offer understates the company – reports Világgazdaság Online, after BBC.
Related news
More related news >
Related news
IKEA is expanding its services in seven large rural towns
In the spirit of affordability and accessibility, IKEA is constantly…
Read more >Summer arrives early with the new flavour of Borsodi Friss
The Borsodi Friss product line is being expanded with a…
Read more >NAK-FruitVeB: there is also plenty of Hungarian horseradish for export
In addition to the domestic market, there is plenty of…
Read more >