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AUSTRALIA: PLW will consider any Allied bid

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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.

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.


Companies: Allied Domecq

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