AUSTRALIA: Heavy Southcorp trading hots up takeover talk
Three days of heavy trading in the stock of Australian wine giant Southcorp has fuelled speculation that it is the target of a takeover bid. In recent months, Southcorp has increased its buyback and acquisition plans in what analysts see as a move to stop itself becoming a takeover target. This, added to the fact that major internationals such as Allied Domecq and Diageo are keen to expand their wine portfolios, has made Southcorp the centre of acquisition talk.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Cannabis – A clear and present danger to alcohol
- Is Irish whiskey ready to recognise its potential?
- Interview - Bernstein analyst Trevor Stirling
- The European beer market - Focus
- Trump, local spirits and the IR role - The Analyst
- Diageo appoints first programmatic marketing head
- Corporate Relations Director to leave Diageo
- Bacardi names new global communications head
- Diageo strike threat postponed with fresh vote
- Diageo, Nolets unveil latest Ketel One campaign