Foster's last year rejected an up to $2.7bn bid for TWE from US private equity firm Cerberus Capital and the "new" Foster's is also expected to yield interest.
Morningstar analysts value Foster's at $5.20 to $5.80 based on full-year 2011 estimates and similar metrics as Kirin's purchase of Lion Nathan in 2009. But a number of impediments, including the strong Australian dollar, have some analysts talking down a near term bid for Foster's.
India's growth rate this year may surpass China's: Credit Suisse
In an exclusive interaction with ET Now, Joseph Tan, Director-Private Banking Division, Credit Suisse , analyses Indian equities, commodities & forex markets from the global investment perspective. What is your sense of the RBI's latest stance in containing inflationary expectations? Do you believe it could at some level hurt growth beyond what we can actually afford? Read More...
Credit Suisse analyst Treasury Wine Estates may enter 'downgrade cycle
ANALYSTS aren't overly merry about Foster's spin-off Treasury Wine Estates, with the majority initiating coverage at a hold or worse.TWE, which kicked off its public life yesterday with a debut in line with market expectations, holds Foster's wine brands like Penfolds, leaving Foster's with its suite of beer brands. Read More...
Credit Suisse to re-enter US CMBS market
Credit Suisse has hired a head of commercial mortgage-backed securities research ahead of plans to launch itself back into a market that it left because of risk concerns during the financial crisis. The bank said yesterday that it has hired Roger Lehman as managing director and head of commercial mortgage-backed securities research, responsible for research and analysis that “will support the bank’s re-entry into CMBS origination” as well as its secondary trading desk Read More...
Regulatory uncertainty over CoCos hinders banks and credit investors
Regulators throughout Europe are expected to provide further clarity on the role and structure of CoCo bonds later this year. Until then, investors and banks are earnestly attempting to gauge the effect on the market of any future changes Read More...
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