Business Services Industry
Evans & Tate shareholders will end up with 15pc stake.
Australasian Business Intelligence, February, 2007
Byline: Scott Rochfort
Feb 22, 2007 (The Sydney Morning Herald - ABIX via COMTEX) -- Yarraman Winery has told US corporate regulators that it could struggle to survive if its merger with Australia's Evans & Tate does not proceed. The Nasdaq-listed company lost $US1.9m in the half-year to 31 December 2006 as wine sales slumped 18 per cent. It also told the US Securities & Exchange Commission it was struggling to pay its existing $US5m of debt, although financing for another $A110m of debt to fund the takeover has been secured. Evans &Tate shareholders will own about 15 per cent of the combined group if they accept the proposed scheme of arrangement.
Publication Date: 23 February 2007
EVANS AND TATE LIMITED - ASX ETW
YARRAMAN WINERY...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
