Asahi says it paid too much for PE-backed Independent Liquor
Asahi Group is re-examining the terms of its NZ$1.5 billion ($1.27 billion) acquisition last year of Independent Liquor from Pacific Equity Partners (PEP) and Unitas Capital, suggesting there were differences in understanding between the buyer and sellers over the value of assets on the balance sheet.
"We felt there was a gap between the price that we paid and the actual value of the company," said a representative from the Japanese drinks giant, the Financial Times reported. "We are in the process...
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