FGL 0.00% 1.4¢ frugl group limited

From FT Alphavillenothing fresh but this Fosters bid story...

  1. 129 Posts.
    From FT Alphaville
    nothing fresh but this Fosters bid story continues to fizz away
    NH:
    stock was weaker overnight
    NH:
    but the rumour mill keeps spinning
    NH:
    they idea seems to be that Molson Coors is considering an offer
    NH:
    Now, Molson is smaller than Fosters so it would need a bidding partner
    NH:
    which presumably would be SABmiller
    NH:
    the two have a JV in the US
    NH:
    and they would also need to find a buyer for the wine business
    NH:
    so this could be a complex deal
    NH:
    but the right people are talking
 
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