The Australian wine and beer group Foster's had taken 63.9% of the shares in its takeover target Southcorp at the end of Friday.

The company increased its holding in target Southcorp Ltd, from 443,946,796 shares (59.6%) to 475,775,157 shares (63.9%) on May 13, 2005.
Last week Foster's declared that its offer to buy the winemaker Southcorp had become unconditional.

Foster's launched its bid in January after acquiring an initial 18.8% stake in Southcorp from the Oatley family, the founders of the Rosemount brand.

Since raising its bid last month to A$4.26, and in doing so winning support from the majority of the Southcorp board, Foster's has slowly increased its control of the company.

The offer is scheduled to close at 5pm (Melbourne time) on Thursday 26 May.