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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 PLC (SAB.JO) said Tuesday it will continue to seek engagement with the board of Foster's Group Ltd. (FGL.AU) after the Australian brewer rejected its 9.51 billion Australian dollar (US$9.98 billion) offer.
SABMiller sent the proposal to Foster's chairman Monday, in hopes of reaching an agreement on the implementation of a scheme of arrangement.
"We continue to believe that the proposal price is attractive and offers good value to Foster's shareholders," SABMiller Chief Executive Officer Graham Mackay said in a statement.
"SABMiller can conclude a transaction quickly and will continue to seek engagement with the board of Foster's to put an agreed proposal to Foster's shareholders," he said.
-By Cynthia Koons; Dow Jones Newswires; +61-2-8272-4691; cynthia.koons@dowjones.com
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