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FGL Frugl Group Limited

0.081
0.00 (0.00%)
07 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Frugl Group Limited ASX:FGL Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.081 0.075 0.085 0.081 0.081 0.081 1,127 08:33:41

SABMiller Makes A$11.2 Billion Cash Bid For Foster's, Worth A$4.90/Share

21/06/2011 7:45am

Dow Jones News


Frugl (ASX:FGL)
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SABMiller PLC (SBMRY), the international beverage company, Tuesday announced that it has made a proposal to the Board of Directors of brewer Foster's Group Ltd. (FBRWY) to acquire all of Foster's shares for A$4.90 per share in cash, or a total of A$11.2 billion.

MAIN FACTS:

-The proposal represents a premium of 14.5% to the trading price of Foster's of A$4.28 as at June 2 and a premium of 18.4% to the adjusted closing price of Foster's shares as at May 25 of A$4.14

-The proposal would be financed from SABMiller's existing resources and new debt facilities.

-SABMiller is in a position to conclude an agreed transaction quickly.

-SABMiller shares closed Monday at 2182 pence valuing the company at GBP34.64 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

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