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SAB Miller takeover bid for Foster’s Group

US$12,300.00 m
  • Entry date - Wednesday, 19 October 2011
  • Jurisdiction - .
  • Practice - .
  • SAB Miller takeover bid for Foster’s Group

  • Firm
    Allen & Overy Co Ltd
  • Client
    SABMiller
  • Lead Lawyers
    Aaron Kenavan, Adam Stapledon, David Poddar, Michael Parshall
  • Role
  • Firm
    Allens Arthur Robinson
  • Client
    Foster’s Group Limited
  • Lead Lawyers
    Ewen Crouch, Rob Pick
  • Role


DEAL SUMMARY

• South African brewer SABMiller first expressed interest in Foster’s in June this year and originally offered 13 percent less for Foster’s, a bid which was rejected

• Corrs Chambers Westgarth advised Foster’s on the demerger of its wine business, Treasury Estates, prior to the takeover, for fees totalling A$10 million

• Allens Arthur Robinson was also the advisor to Foster’s, along with Goldman Sachs and Gresham, when the original bid was proposed and rejected



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