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Our grog's not that cheap: Foster's shareholders

Our grog's not that cheap: Foster's shareholders

Our grog's not that cheap: Foster's shareholders

Sep 20, 2010 , by 6
PRIVATE equity firms circling Foster's Group may have to pay more than $3.5 billion for its wine business after some shareholders warned they would not support lower offers.The Australian Financial Review disclosed yesterday that private equity giants Kohlberg, Kravis & Roberts and TPG were considering joining forces for a potential bid for the wine division, Treasury Wine Estates.


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