SHARE

SABMiller To Raise Cash Offer For Foster’s

A tax ruling from Australian authorities has led SABMiller to raise its cash takeover offer for Foster’s. In September, the two firms agreed a cash deal at AU$5.10 per share, but following the ruling, this has been raised to AU$5.40 per share. The total enterprise value of the deal, including debt, remains at AU$11.5bn.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.