Business Services Industry
Foster's can pop the corks.(Foster's Group Ltd.)(Brief Article)
Australasian Business Intelligence, May, 2005 by Evans, Simon
May 11, 2005 (The Australian Financial Review - ABIX via COMTEX)
Australian alcoholic beverages group, Foster's, has secured 50.9 per cent control of its target, wine company Southcorp. It reached the milestone after fund manager Portfolio Partners accepted its $A4.26-a-share offer, an offer it now says is unconditional. Foster's will need at least 90 per cent of Southcorp though if it wants full sway over its operations. Analysts and Southcorp's board believe Foster's is hoping to achieve $A140 million in cost-savings from integrating the businesses.
Publication Date: 12 May 2005
FOSTER'S GROUP LIMITED - ASX FGL:
SOUTHCORP LIMITED - ASX SRP:
PORTFOLIO PARTNERS LIMITED:
AVIVA AUSTRALIA LIMITED:
CARLTON AND UNITED...
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