Foster's Group has extended its Southcorp takeover offer for a third time. The drinks giant said today (4 April) that it has shifted the deadline for it's A$3.1bn bid for the wine company back by a further two weeks, to Thursday 28 April.

Foster's maintained that its offer of A$4.14 in cash for each Southcorp share was an "outstanding price."

The drinks company originally extended its offer in early March until 31 March, then followed this with a further extension to 14 April at the end of last month.

Foster's already owns a 19.1% stake in Southcorp.