Fosters has rejected a bid of $4.90 per share by SABMiller.
I am a bit surprised by the price, I thought it would at least have a 5 in front.
It will be interesting to see who else comes to the party now that SAB has revealed their hand.
Link: http://www.smh.com.au/business/fosters-rejects-bid-from-sabmiller-20110621-1gcg6.html