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SAB Miller takeover bid for Foster’s Group

- $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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