News

AUS: Foster's the buyer to be bought? Report

Most popular

What rum needs to do to recognise its potential

Can alcohol slow the onset of dementia? - analysis

A-B InBev's Craft Brew Alliance purchase - Comment

Why single malt should ignore its core consumer

How much should you drink to help you live longer?

MORE

In spite of trying to buy up Southcorp, Foster's could itself be a takeover target in the near future, according to press reports. In today's (8 April) Wall Street Journal, speculation suggests that a potential Foster's buyer would probably wait until the company has completed its purchase of Southcorp and integrated it into the organisation. This process could take as long as two years, Foster's believes.

The newspaper does not provide any sources for the speculation, but says that the rumours come at a time when "drink companies look for deals that will help them improve distribution and give them negotiating clout with the powerful retailers that stock their products."

The newspaper quotes Foster's CEO Trevor O'Hoy, when responding to a question about whether his company is a takeover target, saying: "I wouldn't spend 30 seconds of my time thinking about that."


Sectors: Beer & cider, Wine

Companies: Foster’s Group Ltd

Related Content

Is SodaStream the 'twofer' solution PepsiCo is looking for? - Comment

Is SodaStream the 'twofer' solution PepsiCo is looking for? - Comment...

What's coming up in spirits in 2017? - Predictions for the Year Ahead - Comment

What's coming up in spirits in 2017? - Predictions for the Year Ahead - Comment...

The politics of M&A, the end of Anheuser-Busch InBev's affair and Britvic's Brazilian ballroom - The just-drinks Analyst

The politics of M&A, the end of Anheuser-Busch InBev's affair and Britvic's Brazilian ballroom - The...

The just-drinks Interview - Stock Spirits CEO Chris Heath - Part II

The just-drinks Interview - Stock Spirits CEO Chris Heath - Part II...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?