Brewer knocks back takeover bid
Published 22/06/2011 | 08:00
Australian brewer Foster's has rejected a takeover approach worth £6.2bn from Grolsch owner SABMiller.
The Melbourne-based company told SAB that its conditional proposal significantly undervalued the business. SABMiller is the world's second-biggest brewer by volume and has global brands including Pilsner Urquell, Peroni Nastro Azzurro and Miller Genuine Draft.