Foster's Chief Open To 'Sensible' Bid Talks - Bloomberg News
August 23 2011 - 8:45PM
Dow Jones News
Foster's Group Ltd. (FBRWY) said it is open to discussing a
"sensible" bid with SABMiller PLC (SBMRY), after Foster's rejected
SABMiller's hostile takeover bid of AUD9.5 billion ($10 billion),
Bloomberg News reported Wednesday on its website, citing Foster's
Chief Executive Officer John Pollaers in an interview with
Bloomberg Television.
"We are open to conversation with any sensible bid and our
shareholders understand that," Pollaers said in the report.
An external spokesman for SABMiller couldn't comment on the
CEO's remarks, Bloomberg News said.
Full Story:
http://www.bloomberg.com/news/2011-08-23/foster-s-open-to-sensible-bid-talks-after-spurning-sabmiller.html
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