Blog: Chris MercerFoster's Group has analysts in a froth

Chris Mercer | 8 June 2011

Who could acquire Foster's Group's Australian beer business? Pretty much anybody.

Last week, I wrote slightly tongue-in-cheek about the circus show surrounding Foster's Group's Carlton & United Breweries business. After Molson Coors and Grupo Modelo were outed as potential suitors, I asked who would join the race the week after.

Well, now I have an answer. And the next suitor is... ... Surprise, it's everybody!

"If the transaction were funded 50% equity and 50% debt, Foster's would be affordable for all brewers," wrote Goldman Sachs this week. To be fair, it did add that only the top four brewers would probably be able to afford Foster's in an acquistion using only debt. Still, it hardly narrows the field, does it?

How the investment bankers must be loving this Foster's foam party. 

That said, here I am writing about it, again. And, if you've got this far, here you are reading about it, again.



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