SAB MIller/Foster's

SABMiller moves in on Foster's

SABMiller offers $11.9 billion to take over Foster's, but the Aussie brewer's board holds out for more.

<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP</div>

Sameera Anand

June 22, 2011

The board of Foster’s Group yesterday rejected an A$11.2 billion ($11.9 billion) takeover offer tabled by SABMiller on Monday.

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