SABMiller completes Foster's acquisition
SABMiller has announced the completion of the acquisition of all of the shares in Foster's following the implementation of the Scheme of Arrangement on Friday.
SABMiller has announced the completion of the acquisition of all of the shares in Foster's following the implementation of the Scheme of Arrangement on Friday.
The transaction consideration will be paid to Foster's shareholders by Wednesday 21 December, it said.
The deal is worth £6.5bn and will see the owner of Grolsch and Coors Light get its hands on Foster's lager as well as the famous VB and Carlton Draught brands.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
What’s changing with employers’ National Insurance – and how will it impact you?
You might think the upcoming changes to employers’ National Insurance won’t impact you unless you’re a business owner, but experts have warned it could limit pay rises, cause redundancies, and push inflation higher.
By Katie Williams Published
-
Will Donald Trump invade Greenland?
Trump has announced renewed interest in taking over Greenland, an autonomous territory of Denmark. Why does he want it and what are the implications?
By Simon Wilson Published