No other bidders off shore and shareholders in SCP sick of dud...

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