Foster's looks set to finally swallow fellow Aussie wine firm
Southcorp after taking a 50.9 per cent voting majority. Elsewhere,
the Constellation consortium appears to be struggling to get the
cash for an offer for Allied Domecq...
Foster's look set to win its long battle to buy Australian winery
Southcorp after grinding down board members' resistance to a deal
that could spawn a formidable 'brand Australia' on the world wine
market, reports...
Southcorp, the Australian winery being stalked by compatriot
Foster's, has made a bold suggestion to its would-be acquirer - a
merger with the Mildara Blass wine division which would create the
country's biggest wine group....
Australian winery Southcorp has reported a 50 per cent increase in
net profits for the first half of fiscal 2005, a performance which
has allowed the company to reinstate dividend payments for
shareholders for the first time in two...
Southcorp has said that Foster's A$3.1 billion takeover attempt
today is "inadequate and opportunistic". But, with its beer
business stagnating and the global wine trade consolidating,
Foster's may need to get...
Foster's has bought an 18.8 percent share in Australia's third
biggest winemaker, Southcorp, preventing rival bidders from taking
it over and keeping it in Aussie hands.