Up to what level would FGL's beer business be attractive for a takeover?
It seems like these rumours have been circulating for years and now that the wine business is out of the way we could see some speculators jump into FGL in anticipation of a takeover (if they havent done so already).
In my opinion the AUD represents a serious stumbling block to this strategy as it is now considerably more expensive to buy aus stocks.
I would be good to see the AUD retreat to sub $1USD as that would prob fuel speculation further.
FGL Price at posting:
$4.57 Sentiment: None Disclosure: Held
