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Aug 2003 Issue of Wine Business Monthly
At the opening of the month of June, Standard & Poor's Ratings Services cut Southcorp's credit rating a couple notches to BB-plus/B. Southcorp's share price rose modestly on the news. Southcorp shares got a further boost when the Australian press started speculating on a Foster's takeover of the "ailing" Southcorp around mid-month. The takeover talk came after Foster's announced that it was considering selling off its pubs and gaming rooms on June 11. Southcorp published its 2003 crush resul...
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