Chris Losh sees the current plight of Evans & Tate, which recently rebuffed a takeover bid by the smaller, US-listed Australian wine producer Yarraman Winery, as symptomatic of the problems facing the Australian wine industry.
Here's a look at what was happening on this day in...
Yarraman Winery has pulled out of talks with Drinks Americas Holdings over a possible acquisition of the Australian wine company.
Drinks Americas Holdings has lined up the acquisition of newly-named Global Beverage Asia.
Yarraman Winery has confirmed that it will merge with China-based wine and spirits distributor Asia Distribution Solutions (ADS).
Yarraman Winery is set to return with yet another offer for Evans & Tate, according to local reports.
Debt-stricken winemaker Evans & Tate appears set to escape financial collapse after its bankers agreed to a financial restructure today (18 June).
Speculation has surfaced again suggesting that Yarraman Winery is considering another bid for Australian wine group Evans & Tate.
Yarraman Winery has said today (15 March) that it wants to pursue its takeover of Evans & Tate despite the Australian wine group snubbing its latest proposal.
Evans & Tate has outlined the terms of the latest takeover bid from Yarraman Winery as the two companies embark on a period of due diligence.
Evans & Tate chairman John Hopkins said today (20 February) that the Australian wine group has yet to see the details of how Yarraman Winery would fund its bid for the company.
Australian wine group Evans & Tate has today (20 February) given a “tentative green light” to the latest takeover offer from Yarraman Winery.
Evans & Tate has called on Yarraman Winery to fully disclose all the information surrounding its latest offer for the Australian wine group.
Evans & Tate has extended its review period for consideration of the takeover bid from US-listed Australian group Yarraman Winery.
Yarraman Winery has moved to improve its takeover bid for Australian wine group Evans & Tate.
US-listed Yarraman Winery has insisted talks with Evans & Tate are “ongoing” despite the Australian wine group rejecting its A$131m (US$102m) takeover bid.
US financial giant GE has reportedly been named as the backer for Yarraman Winery’s pursuit of beleaguered wine group Evans & Tate.
The Evans & Tate board of directors has opted to take more time to mull over a takeover bid from US-listed Australian wine group Yarraman Winery. Evans & Tate’s board met on Boxing Day (26 December) to look at Yarraman’s offer, which values the West Australia-based wine group at around A$131m (US$103.3m).
Yarraman Winery CEO Wayne Rockall is hopeful an acquisition of Australian wine group Evans & Tate would be “the first of several” the US-listed company makes throughout New World wine territories. Rockall told just-drinks today (22 December) that Yarraman, which has tabled a takeover bid for Evans & Tate, is looking to significantly expand over the next five years.
The Evans & Tate board of directors will meet in the next week to consider a takeover bid from US-listed Australian wine group Yarraman Winery.
Australia’s Yarraman Winery has announced the resignation of company CEO and president Andrew Lyon.
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