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.
Share sales sparks Foster's takeover talk Date: 18/4/2007...
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