The Swiss-based Hess group, which is in a takeover battle for Peter Lehmann Wines with the UK’s Allied Domecq, has today written to shareholders of the Australian winemaker, hoping to persuade them to accept its current offer over Allied’s premium bid.


Hess has bid an unconditional A$3.85-a-share offer, which it believes is more attractive than Allied Domecq PLC’s A$4.00 bid.


Hess calledd Allied’s offer “uncertain” as it is subject to a minimum acceptance condition of 51%. Also, Allied wants to review Peter Lehmann’s dividend policy, it said.


Hess said it has no intention to change the dividend policy.


Hess is also promising to pay any shareholder who accepts its offer within five days.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now