Wine Business Stock News
Apr 2005 Issue of Wine Business Monthly
澳大利亚强国酒业和福斯特集团p continue to engage in a takeover struggle, which began after Foster's took an 18.8 percent stake in Southcorp in January. Despite sharp criticism from analysts regarding the move, Foster's seems intent on moving forward. In response to the hostile takeover bid, Southcorp told stockholders the company was worth 44 percent more than the offer, as determined by an independent evaluation, and then proposed the companies merge their wine businesses. Analysts believe that the merger proposal was used merely to get Foster's to increase their offer. Foster's agreed to evaluate the merger proposal, but was not enthusiastic about either the offer or the independent valuation of Southcorp. If Foster'...
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