SABMiller to buy Foster’s for $10.2 billion

The consoiidations continue:

Foster’s announced today that it would accept SABMiller’s bid of $10.2 billion. SABMiller had been courting the company for quite some time.

Foster's had rejected a £7.3 billion offer from SABMiller in June. That offer amounted to A$4.90 per share; the new offer is 13% higher, at A$5.5325 per share.

Read the whole story, with a link to Foster's press release, at Beernews.org.