Saturday, November 08, 2008

Canadian Brewer Targets Foster's for Takeover

Canadian brewer Molson Coors has outed itself as the mystery buyer behind a September 25 Deutsche Bank transaction that snapped up 5.3 per cent of the Foster’s Group.

Speculation over the identity of the mystery buyer has been rife in recent months, with brewing giants Heineken and SABMiller fingered as being behind a potentially hostile takeover bid for Foster’s.

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