Share sales sparks Foster's takeover talk
Date: 18/4/2007
Author: Simon Evans
Source: The Australian Financial Review --- Page: 51
Rumours about a takeover of Foster's Group have been revived by a large share sale. On 19 April 2007, an unknown overseas investor sold 20 million shares in the Australian beverage company for $A6.65 a share, a total of $A133 million. The stock was immediately bought by Australian institutional investors. There is speculation that Macquarie Bank or Coca-Cola Amatil may be considering an offer. Some stockbrokers have calculated that Foster's would be worth more if its beer and wine divisions were separated.
still rumours of takeover
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