AUS: Foster's demerger lifts takeover chance
AUS: Foster's demerger lifts takeover chance
Mar 17, 2011 6
The proposed demerger of the wine and beer units of global beverages firm Foster's Group Ltd is in shareholders' best interests, partly because it increases the chances of a takeover, an independent expert says.
"Foster's shareholders are ultimately likely to be better off if the proposed demerger is implemented than if it is not, notwithstanding the costs, disadvantages and risks," independent expert Grant Samuel & Associates said.
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