Australia: In Sydney, shares of Foster's fell 6.7% on January 17. The beer and wine maker on Monday initiated a takeover offer totaling A$2.52 billion ($1.9 billion) for shares it doesn't already own in rival winemaker Southcorp at A$4.17 a share. Southcorp rose 8.5 percent at A$4.61.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .