09 March 2005
ACCC Clears Foster's Takeover For Southcorp
Foster’s Group Limited (Foster’s) today welcomed the announcement by the Australian Competition and Consumer Commission (ACCC) that it will not intervene in Foster’s proposed acquisition of Southcorp Limited (Southcorp).
The ACCC’s approval follows the recent fulfilment and waiver of equivalent regulatory conditions with respect to the USA and Canada and marks a further step in Foster’s bid to acquire Southcorp.
In accordance with sections 630(4) of the Corporations Act 2001, Foster’s attaches a notice relating to the fulfilment of this condition.
Further information:
Media
Lisa Keenan
Tel: +61 3 9633 2265
Mob: 0409 150 771
Investors
Chris Knorr
Tel: +61 3 9633 2685
Mob: 0417 033 623
