Foster's Group has extended its offer for Southcorp once again. The offer had been due to close next Thursday (12 May).

The Australian drinks company also said today (4 May) that it now holds a 39.8% stake in the wine company. Its minimum acceptance condition is 50%.

The new deadline for Foster's A$4.26 per share offer is 26 May.

Southcorp shares today traded steady at A$4.25.