Oz Foster's rejects $2.46b wine offer from new PE player
Foster's Group, Australia's largest beer maker, has turned down a buyout proposal for its Treasury Wine Estates unit of up to A$2.7 billion ($2.46 billion), reportedly from an unnamed US private equity player hitherto inactive in the region.
The Foster's board rejected the proposal on the grounds of its unsatisfactory pricing range. According to Foster's, the company was offered between A$2.3-2.7 billion ($2.1-2.46 billion) for 100% of the...
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