21 June 2011
Approach Rejected
Foster's Group Limited (Foster's) announces that it has received an unsolicited, incomplete, non-binding and conditional proposal from SABMiller plc to acquire all of the shares in Foster's via a scheme of arrangement at a price of $4.90 per share in cash.
The Board of Foster's believes that the proposal significantly undervalues the company in the context of a change of control and, as such, it does not intend to take any further action in relation to it.
Foster's is being advised by Goldman Sachs, Gresham and Allens Arthur Robinson.
Further information:
Media
Ian Smith
Bespoke Approach
Tel: +61 8 8419 2888
Mob: 0418 814 611
Andrew Butcher
Butcher & Co.
Tel: +61 3 9654 0735
Mob: +61 400 841 088
Investors
Chris Knorr
Tel: +61 3 9633 2685
Mob: +61 0417 033 623
