fosters will get southcorp

No other bidders off shore and shareholders in SCP sick of dud price and slow recovery will jump at the chance to get out at a price that SCP would not hit until 18 - 24 months once the market sees traction in its turnaround.

( any independant expert would say " shite yeah - jump at the FGL bid they are paying top frikin dollar !!!!!!!!!!!!!)

"Southcorp's board has elected to forgo the
services of an independent expert and asked consultancy group,
Bain & Company, to come up with a 'strategic valuation' for the
company as part of its defence against Foster's Group's A$3.1
billion takeover attempt. Market sources yesterday said Bain was
working on a 'synergistic and strategic' valuation,( read that to mean " bullshit" to be
included in Southcorp's target's statement, that would value the
winemaker above Foster's A$4.17-a-share offer. Page 19.


Personally - i loved it when FGL's share price was sitting at $5.90 - however, when FGL GUT southcorps corporate overhang its going to see FGL emerge as a global player in wine.

Now - FGL - get out and acquire brewers !


singas