Foster's Group (FGL)

Stock Code


Stock Exchange


Foster’s Group Limited (FGL) is a global drinks company that focuses on the ownership, marketing and distribution of alcoholic beverages international portfolio. Its major operation is engaged in the production as well as the marketing of different alcoholic beverages in over 155 countries. FGL was listed on the Australian Stocks Exchange on the 4th of February 1982. Its annual revenue reaches $4 billion out of its issued capital of $2 billion. Its headquarters is located in Southbank, Australia and to date; around 11,000 people are employed in the company.

Top 3 Best and Worst Traded Stocks

This is a record of the top three best and worst traded stocks in the ASX100, ASX200 and All Ordinaries of the Australian Stock Exchange in the 48th week of 2011, from November 28 to December 2, 2011.

Best Performing Trade Stocks ASX100 (XTO)

ASX 100

Swan Gives Go Signal to Foster's Takeover

The Australian Government has given the go signal to SABMiller in the company's plan to takeover the Foster's Group (FGL) for $9.9 billion. "The government welcomes foreign investment in Australia and continues to ensure that investments are consistent with Australia's national interest," Federal Treasurer Wayne Swan said.

Stock Market Events for Today

There are no floats but there are a couple of ex-dividends scheduled for today and there are quite a number of companies which are holding their Annual General Meeting on October 25, 2011.

Annual General Meetings

ACCC Approves Foster's Takeover

A week after Foster's (ASX:FGL) and SABMiller agreed to a $10.7 billion takeover deal, Australia's competition watchdog has given its nod, saying the acquisition was unlikely to cut competition for beer supply.

‘‘The ACCC has formed the view that the proposed acquisition is not likely to result in a substantial lessening of competition for the supply of beer,’’ said ACCC Chairman Rod Sims.

SABMiller Prepares for Foster's Takeover

The country's biggest brewer Foster's (ASX:FGL) has agreed to a sweetened SABMiller offer of $12.3 billion as SABMiller chief executive Graham Mackay offered to raise the cash bid to $5.53 per share.

Foster's had previously rejected SABMiller's bid of $4.90 per share, saying it undervalued the company. Under the new agreement, Foster's will return 30 cents a share as capital return and pay a final dividend of 13.25 cents.

Panel Rejects SABMiller's Claim Against Foster's

SABMiller's attempt to force a review of takeover target Foster's (ASX:FGL) financial statements was quashed yesterday by the country's takeover panel. The panel said "there was no reasonable prospect that it would make a declaration of unacceptable circumstances in relation to the financial objectives statements."

Foster's Defence Expected This Week

Beer giant Foster's (ASX:FGL) is expected to hit back this week after SABMiller's allegations that the brewer's made misleading statements while presenting its annual profit.

The takeovers panel reported Friday that SABMiller says "there is no reasonable basis for several forward-looking statements" in Foster's results presentation. SABMiller also said Foster's net debt of $887 million is "inconsistent with Australian accounting standards."

Floats, Dividends and AGMs in the Stock Market on Thursday

For the start of September, there are no companies scheduled to float but there are 15 stocks that will go ex-dividend and two companies that will have their general meeting.


Stocks from AAX, APN, BPA, CGF, FGL, GZL, IAG, IFL, KAT, SHL, SHV, SRV, TRG, TTS, and TWE will go on ex-dividend on September 1, 2011.

Foster's Focusing on Business Not Takeovers

SABMiller is not acquiring Foster's (ASX:FGL) anytime soon as Foster's chief executive John Pollaers said the company is focusing on business improvement, not takeover bids.

This second rejection comes after the brewer shot down a $9.5 billion unsolicited but highly anticipated offer from SABMiller last month, saying the bid grossly undervalued Foster's.

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