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Mar 2005 Issue of Wine Business Monthly
Australian company Foster's Group reported first-half results, which saw their net profits down 1 percent, but if one-off items are taken out of the equation, net profit was up 2.6 percent. During January, Foster's acquired an 18.8 percent stake in Southcorp, which sparked an ongoing takeover battle for the company. Various analysts have called the takeover attempt a "poor decision" and a "mistake." The Australian Competition and Consumer Commission may force Foster's to sell off some of their a...
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