Foster’s Open to ‘Sensible’ Talks After Spurning SABMiller

Foster’s Group Ltd., Australia’s biggest brewer, is open to discussing a “sensible” bid with SABMiller Plc after refusing to enter detailed negotiations on the U.K. company’s hostile A$9.5 billion ($10 billion) offer.

“We are open to conversation with any sensible bid and our shareholders understand that,” Chief Executive Officer John Pollaers said in an interview with Bloomberg Television, without elaborating. “We’ve had support from our shareholders, in fact all of our shareholders, that it was the right thing.”