SABMiller Confirms Foster's Interest, Strong Favourite To Close 2011 Deal

SABMiller's Chief Executive Graham Mackay has admitted that the firm will 'have a look at Foster's'. A planned de-merging of Foster's beer and wine businesses is expected to be completed by H111 (calendar). Once this process is completed, BMI believes SABMiller is likely to acquire Foster's beer business, which has been valued by analysts at about US$10bn (about 13 times future earnings).

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