Blog: Chris MercerMolson Coors extinguishes the embers on Foster's?

Chris Mercer | 2 August 2011

Does Molson Coors' decision to spend US$1.2bn to buy back its own shares deliver the knockout blow to lingering thoughts about the brewer acquiring Foster's Group?

I think the answer is yes, if that blow has not been delivered already. I think we can forget about Molson's potential tilt at Foster's, whether via a tie-up with Grupo Modelo or anyone else. 

It seems unlikely that Molson would have the resources to fund both.

In reality, it has been distancing itself from the Australian brewer for some time. Late last year, Molson announced it would sell its 5% stake in Foster's.

Where does the buyback leave Molson Coors' acquisition strategy? With not many big players left to buy, the group will be looking for add-ons in the emerging markets, most likely. It recently acquired the stricken Cobra beer operations in India

 


BLOG

The anatomy of a hangover

Knowledge is power, or so they claim. So, with that in mind, here's an infographic, courtesy of Australian company Hangover Revivol, that breaks down exactly what is behind the common hangover....

BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the top stories on just-drinks last week, featuring William Grant & Sons, the Southern hemisphere's winemakers, SABMiller and Heineken, and Coke Light....

BLOG

No small beer for world-record breaking German waiter

How many beer mugs can one man carry? ...

BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the top stories on just-drinks last week, featuring Pernod Ricard, The Coca-Cola Co, SABMiller's new Scotch whisky and Santa Rita Estates....

just-drinks homepage



Forgot your password?