The board of Foster’s Group has recommended to its shareholders that an improved takeover offer by SABMiller is accepted.

Foster's has rejected a takeover bid from SABMiller. Foster's Group said that it received an "unsolicited, incomplete, non-binding and conditional proposal" from SABMiller to acquire all of the shares in Foster's via a scheme of arrangement at a price of $4.90 per share in cash.

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Danil Nevsky

The bar industry community is dead

Danil Nevsky mourns the demise of a time when contact was physical, not digital, and when connections meant more than a swipe of a screen. But he holds out hope that real community will return for younger generations

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