Chairman of Australia’s embattled Peter Lehmann Wines Richard England has pledged “proper consideration” by the company’s independent directors to any proposal or request for a take-over bid from Allied Domeq.
Go deeper with GlobalData
The South Australian based Peter Lehmann Wines is now in play with a possible counter bid to the recent takeover offer from the Swiss based Hess Group.
Allied is the largest PLW shareholder with a 14.5% stake while Hess has 5.4% after founder Peter Lehmann sold down his personal holding telling the 8000 shareholders “this is the only way I can see to save the identity and integrity of the company I founded”.
Allied has initiated discussions with PLW’s legal advisers and England said shareholders should take no action pending any counter offer to the Hess bid.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
