Foster’s to demerge Treasury Wine Estates
15 February, 2011
Foster’s Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.
Foster's rejects wine offer
10 September, 2010
The Foster’s Group (Foster’s) board of directors has rejected an offer for its Treasury Wine Estates. Foster’s received an “unsolicited expression of interest” from an international private equity firm to acquire the wine assets of Treasury Wine Estates. The proposal involved a cash consideration of between $2.3billion and $2.7billion for 100% of the assets.