Fosters shares up after takeover talks

23 Aug 2010, 11:23 am   -   Source: AAP
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The shares were up 35 cents to $6.17 their highest level since November 2008. (Getty)

The shares were up 35 cents to $6.17 their highest level since November 2008. (Getty)

Shares in Foster's have gained six per cent in morning trading on reports that brewing giant SAB Miller is plotting a 12 billion dollar takeover of its beer arm CUB.

Shares in Foster's have gained six per cent in morning trading on reports that brewing giant SAB Miller is plotting a 12 billion dollar takeover of its beer arm CUB.

The shares were up 35 cents to $6.17 their highest level since November 2008.

London's Sunday Times says that if SAB can snare the brewer of Victoria Bitter and Carlton Draught it could challenge Belgium-based Anheuser-Busch InBev as the world's largest brewer.
 

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