S&P/ASX200 best and worst performers Shares in Foster's Group Limited (ASX:FGL) jumped to a three-year high after formally announcing it will recommend UK-based SABMiller's sweetened $12 billion takeover bid. Perpetual Investments, that holds around a 3 per cent stake in Foster's, has also today said it plans on backing the deal. Foster's chairman David Crawford has urged shareholders to accept what he describes as a compelling offer of $5.5325 per share. Mr Crawford says the offer delivers certain cash proceeds in an uncertain global environment with high equity market volatility. Shares in Foster's Group have jumped 7.77 per cent and are trading at $5.27. Shares in Kagara Limited (ASX:KZL) have shed 12 per cent after the mineral explorer unveiled plans to sell its Lounge Lizard nickel asset in Western Australia. Kagara announced yesterday that it will offload the non-core asset as part of five-year plan to address the company's disappointing performance.