Southcorp has advised its shareholders again to reject the overtures from Foster's Group. The wine company released a statement today (17 March) recommending shareholders continue to ignore Foster's A$4.14 a share offer.

Southcorp said in the statement that it had asked its independent expert, Lonergan Edwards & Associates, to investigate Foster's concerns about the report it released earlier this month.

Brian Finn, Southcorp's chairman, said: "Having reviewed Foster's comments, the independent expert has confirmed its value of Southcorp at A$4.57 to A$4.80 a share."

Southcorp shares last traded at A$4.26.