International brewers Molson Coors Brewing Co and Grupo Modelo SAB de CV are considering a joint bid for Foster's Group Ltd
(ASX:FGL).
Bank of America and Deutsche Bank AG are assisting the beer companies regarding the financing for a possible bid.
The source of the information declined to be named. But the bid looks less likely than it did a few weeks ago according to Bloomberg who broke the news, because of concerns about the structure of the deal.
Foster’s booked a net profit of $313 million in the six months to 31 December 2010.
