Foster's stock could bounce 20 percent-Barron's
NEW YORK, Oct 26 (Reuters) - Shares of Foster's Group Ltd (FGL.AX), Australia's largest brewer, could jump 20 percent if a buyer emerges or if the company reorganizes, according to Barron's Oct. 27 edition.
The beer maker, which is reviewing its smaller wine business, recently appointed advisers to help with a takeover defense after being cited as a potential target in the global consolidation of brewers.
Foster's market value now about equals that of its beer unit, the paper said. "You get the wine portfolio for free."
On Friday, the company's shares closed down 4.2 percent at A$5.05 on Australia's benchmark index .AXJO. The shares have fallen about 23 percent so far this year. (Reporting by Jonathan Spicer, editing by Maureen Bavdek)
