Foster's still open to private equity offers for wine unit
David Crawford, Chairman of Australia's Foster's Group, publicly said the company will still entertain offers from private equity groups for its wine business, while repeating that a c.$2.46 billion offer, reportedly from Cerberus Capital Management, in September was "totally inadequate."
Crawford added that Foster's has had no further talks with the private equity bidder - widely asserted to be Cerberus, though without Foster's confirmation - since its approach, while adding that the company...
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