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Industry: Email Alert RSS FeedAllied Domecq has increased its offer for the Australian winemaker Peter Lehmann Wines, following the increased offer by rival bidder Hess Group
Food & Drink Weekly, Sept 29, 2003
Allied Domecq has increased its offer for the Australian winemaker Peter Lehmann Wines, following the increased offer by rival bidder Hess Group. Allied Domecq, through its wholly owned subsidiary Allied Domecq Wines Australia Pty Ltd, announced today that it proposes to increase its base offer price for Peter Lehmann Wines Limited (PLW) to A$4.00 per share.
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The offer remains conditional on Allied Domecq acquiring relevant interests in at least 51% of PLW's issued share capital. Meanwhile Hess said that it is reconsidering its PLW. And Hess Chairman Max Lienhard didn't rule out increasing his A$3.85 bid to match Allied's renewed offer.
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