Beer giant's move gains momentum.(Foster's Group)(Southcorp Holdings Ltd.)(Brief Article)

Australasian Business Intelligence, April, 2005 by Charles, Mathew

Apr 28, 2005 (The Advertiser - ABIX via COMTEX)

Australian-listed Foster's Group now owns 37.2 per cent of Southcorp's issued shares, and expects to have 70 per cent within weeks. Its takeover bid of $A4.26 a share was given a huge boost by Maple-Brown Abbott's decision to accept the offer. The fund manager held an 11.4 per cent stake in Southcorp, while Capital Group is also believed to have sold its 8.3 per cent shareholding to Foster's. However, while institutional investors are embracing the bid, only 0.8 per cent of retail shareholders have accepted the offer to date.

Publication Date: 29 April 2005

FOSTER'S GROUP LIMITED - ASX FGL:

SOUTHCORP LIMITED - ASX SRP:

MAPLE-BROWN ABBOTT LIMITED:

CAPITAL GROUP COMPANIES...

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