SABMiller to Buy Foster’s After Raising Bid to A$9.9 Billion

SABMiller Plc clinched Foster’s Group Ltd. with a sweetened A$9.9 billion ($10.2 billion) offer for Australia’s biggest brewer after three months of pursuit.

SABMiller will pay A$5.10 a share in cash for Melbourne-based Foster’s, the U.K. company said today. Foster’s shareholders will also get 30 cents a share as part of a previously announced capital return and a 13.25-cent final dividend. The offer was previously for A$4.90 minus dividends.