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BENNINGTON — There are so many brews being poured at this year’s Southern Vermont Homebrew Festival that they had to move the location.
The annual festival, now in its fifth year, will be held on Saturday, Sept. 24, from noon to 5 p.m., at 210 South Street (across the street from Town Hall).
Attendees will sample wonderful home brews, enjoy great food, listen to live music, watch brewing demonstrations, get brewing tips, and so much more. And some home brewer will walk away with the bragging rights of having their winning brew prepared and served at Madison Brewing Company. There will also be a People’s Choice Award, with a $200 prize.
The tastings throughout the afternoon will include more than 50 brews ranging from Boston Brewin’ Coffee Porter, a Robust Porter, and Husky Al’s Pumpkin Lager, a Spice, Herb, and Vegetable Beer to Vanilla Bourbon Imperial Porter, a Specialty Beer and Hoppy Grief Ale, an English IPA. And that just starts the list. There are Pilsners, English Ales, Stouts, and more.
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Written by Dana Cimilluca for online.wsj.com
LONDON—Iconic Australian brewer Foster’s Group Ltd. dropped its resistance to a takeover by SABMiller PLC and agreed to a sale to its U.K. rival for a sweetened price of more than $10 billion.
The deal values Foster’s at 5.10 Australian dollars a share, or A$9.9 billion (US$10.17 billion), 4% above what SABMiller offered when it kicked off its pursuit of the company in June. Foster’s said Wednesday that as part of the deal, it would return 30 Australian cents a share to its shareholders and that Foster’s shareholders owning the stock as of Sept. 7 would be entitled to a dividend of 13.25 Australian cents in October. That would bring the value of the offer to A$5.53 a share, or 13% above SABMiller’s first offer
SABMiller’s original offer came just a month after Foster’s completed the separation of its beer and wine operations. .Although many industry watchers expected the demerger to lead to multiple bids for the beer business, no rival bid to SABMiller’s emerged, though Foster’s said Wednesday that it would still consider one. That, as well as recent choppiness in global financial markets, likely helps explain why Foster’s was ultimately unable to manage to extract more of a takeover premium out of SABMiller.
Continue reading “SABMiller to Buy Foster’s for Over $10 Billion”