Tuesday, September 12, 2006

Foster's Shares Soar With Reports InBev, SABMiller Jockeying

Shares of Foster's Group Ltd., Australia's biggest brewer, rose the most in eight years after the Sydney Morning Herald reported InBev NV and SABMiller Plc may be considering separate takeover bids.

Foster's Chief Executive Officer Trevor O'Hoy declined to confirm or deny details of the report, which didn't say where the information came from, during a conference call on the Melbourne- based company's earnings today.

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