Business Services Industry
Foster's in a hurry to downplay share sale.(Foster's Group Ltd.)(Brief Article)
Australasian Business Intelligence, January, 2005 by Chappell, Trevor
Jan 30, 2005 (The Courier-Mail - ABIX via COMTEX)
Australian-listed Foster's Group is satisfied that there is no need for further action over share trading by a former executive. Robert Porter has resigned as the alcoholic beverages group's vice-president of investor relations, following revelations that he sold some Foster's shares in contravention of its guidelines on share transactions. Foster's believes that the share trading could have been inadvertent, and because Porter has resigned, it regards the matter as being resolved. Foster's says it now wants to focus on its $A3.1bn takeover bid for Southcorp.
Publication Date: 29 January 2005
FOSTER'S GROUP LIMITED - ASX FGL:
SOUTHCORP LIMITED - ASX SRP:
AUSTRALIA. TAKEOVERS PANEL...
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