M & A wrap: SABMiller seals Foster’s deal
SABMiller agreed to buy Foster’s for an increased price of A$5.10 a share valuing the Australian beermaker at $10.2 billion and putting SABMiller at the head of Australia’s beer market.
“Google’s critics get a chance to vent today, using the invective of antitrust. A hearing of the Senate antitrust subcommittee is also something of a swan song for its retiring chairman, the estimable Herb Kohl,” the WSJ said in an opinion piece.
ConAgra’s failed bid for Ralcorp provides the WSJ with a good opportunity to look back at some failed bids that, in hindsight, now seem like a pretty good deal.
“The Yahoo directors appear to have no vision or patience. This self-created vacuum has left the board and Yahoo directionless, allowing outside players to push these directors in inopportune directions,” reports the NYT’s Deal Professor.
“PepsiCo shareholders stand to reap a 49 percent gain if Chief Executive Officer Indra Nooyi splits the soft drinks business from snack foods, joining a wave of breakups from Kraft Foods to Tyco International,” reports Bloomberg.