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AUSTRALIA: Cranswick and E&T confirm merger details

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The two Australian winemakers Evans & Tate Limited and Cranswick Premium Wines Limited have executed the Merger Implementation Deed confirming the details of their proposed merger. The key terms of the deal, which is expected to be completed in February, Cranswick shareholders receiving two fully paid ordinary Evans & Tate Shares and A$2.50 cash for every five Cranswick shares.


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