SABMiller A$9.5 Billion Foster’s Bid Rebuffed

SABMiller A$9.5 Billion Foster’s Bid Rebuffed

SABMiller Plc/Jason Alden/OneRedEye via Bloomberg

SABMiller’s June 21 offer for Foster’s valued the company at about 11.8 times the earnings before interest, taxes, depreciation and amortization reported by the beer division last year.