The  Victorian regional city Ballarat will be the place many Australians will be on Saturday, January 21 2012 as they sample craft beers from all over Victoria plus a few more. The one-day Ballarat Beer Festival  extravaganza will be showcasing  a multitude of craft beers from some of Victoria’s  world-class microbreweries. Amongst them will be beers from : Bridge Road Brewers; Broo Lager; Buckleys Beer; Coldwater Creek; The Good Brew Co; Hawthorn Brewing; Holgate Brew House; King Street Brewhouse;... ...Read more »

The Australian Federal Treasurer today approved SABMiller’s acquisition of Australian brewer Foster’s and the remaining 50% of Pacific Beverages, on recommendation from the Foreign Investment Review Board (FIRB). The Treasurer’s approval of the transaction marks the final regulatory condition to be satisfied ahead of the shareholder vote at the upcoming scheme meeting scheduled for 1 December 2011. In a statement released today, SABMiller said the acquisition is expected to be completed... ...Read more »

Coca-Cola Amatil’s Managing Director Terry Davis has indicated that the company is considering buying the spirits, ready-to-drink mixed spirits and non-alcoholic brands of Australian brewer Foster’s Group Limited. Mr Davis made the announcement at a meeting of the American Chamber of Commerce in Australia, held in Melbourne. The brands in questions include Foster’s Cascade brand of soft drinks, its Cougar and Black Douglas spirit brands, as well as its Fiji brewery and distillery. However,... ...Read more »

Multi-national brewer SABMiller has agreed with Foster’s Group Limited a recommended cash offer to Foster’s shareholders at A$5.10 per share, which values Foster’s equity at approximately A$9.9 billion. The agreement is the culmination of a long-running series of negotiations between the two companies, with SABMiller recently mounting pressure on the Australian brewer. As part of the transaction, Foster’s will pay its shareholders a return of capital of A$0.30 per share prior... ...Read more »

Multinational brewer SABMiller has accused Australian brewing giant Foster’s Group Limited of making “misleading” and “deceptive” statements in its recently published end-of-year results. It is the latest clash between the two breweries, with SABMiller continuing its drive to purchase Foster’s Group Limited. In a submission to Federal Government’s Takeovers Panel, SABMiller accuses Foster’s of having “no reasonable basis for several forward-looking statements” in the results presentation... ...Read more »

London-based multinational brewer SABMiller has mounted a more aggressive approach in its attempt to take over the Australian-based Foster’s Group Limited. SABMiller has announced it is taking it is bypassing the Foster’s Group Limited board and making a A$4.90 per share bid directly to the shareholders. The new direct offer to the shareholders comes just days ahead of the release of Foster’s fiscal-year financial results. The market is expecting these to be poor. “As there has been... ...Read more »

London-based SABMiller is expected to offer a renewed bid to acquire all shares in Foster’s Group Limited after the Australian brewer releases its full year results on 23 August 2011. In June, Foster’s rejected SABMiller’s A$11.2bn bid to buy all shares in the company. The Board of Foster’s said the proposal “significantly undervalued the company”. The Foster’s share price has now fallen below SABMiller’s original bid price and, according to reports, SABMiller has assembled a multi-billion-dollar... ...Read more »

SABMiller, one of the world’s leading brewers, is calling on the brewing industry to improve disclosure on environmental and social impacts.The company is taking a lead by publishing detailed information about the impacts of its own operations around the world, in an online format which allows for greater insight and scrutiny into the country-level performance of its businesses. In just a few clicks, any visitor to www.sabmiller.com can see which businesses are performing well but also where... ...Read more »