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

Situation Vacant - Must love whisk(e)y

Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....

BLOG

Coca-Cola's selfie bottle might be a step too far

Whenever we read anything about Millennial consumers, there is almost always mention of the personalisation trend as well as the importance of social media....

BLOG

Anheuser-Busch InBev execs have a dream - a US$350m-sized one

Ever wondered what fuels Anheuser-Busch InBev's acquisitional drive? Is it naked ambition? Faith? The good of mankind?...

BLOG

Anheuser-Busch InBev's Bud Light ad pull shows not all campaigns can win

Anheuser-Busch InBev is reportedly calling a halt to its Seth Rogan and Amy Schumer Bud Light campaign in the US....

just-drinks homepage



Forgot your password?