SABMiller – Foster’s: The latest froth in a heady M&A environment

Consumers may be buying a little less beer these days, but beer companies can’t seem to get enough of the stuff. The latest indication that brewers see a frothy future came last night when reports circulated that SAB, the world’s second largest brewer, had eyes for the brewing arm of Australia’s Fosters Group, and was willing to spend nearly $11 billion to take it home.