UK: Diageo/S&N joint bid for Foster's rumour after share hike
Shares in Foster's Brewing Group, like Southcorp only a few weeks ago, have seen a surge in value of 7% after two days of heavy trading, prompting speculation two UK drinks companies are mounting a takeover bid. Speculation in Australia has centred on a surprise joint bid between the wine and spirit giant Diageo and the UK's leading brewer Scottish & Newcastle (S&N). Reports have suggested that Diageo would take the wine division, Beringer Blass, while S&N would acquire the Foster's brewing division.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 15 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Whatever happened to binge Britain? - comment
- The dangers of squaring up to your competitor
- The US beer market - A level playing field for all
- Remy Cointreau's Q2 and H1 - preview
- Constellation and Ballast Point's "sticker shock"
- Sidney Frank CEO to head Clooney's import co
- Diageo sells off United Spirits' Bouvet Ladubay
- Irish whiskey brands could fail without bulk
- Diageo Australia appoints commercial head
- Captain Morgan distillation trial queried by USVI
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Wine Market to 2019 - Market Size, Development, and Forecasts
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market: News and Events September 2015