Allied Expected to Gain Control of New Zealand's Montana
by WBM Staff
Jul 2001 Issue of Wine Business Monthly
The fate of New Zealand wine company Montana Group Ltd. and its takeover hopefuls, Allied Domecq and Lion Nathan, remained unresolved as Wine Business Monthly went to press. After several days of confusion, the New Zealand Stock Exchange Market Surveillance Panel asked a special Standing Committee to decide on all matters within the case. Montana has been in limbo for several months, after Sydney's Lion Nathan took a controversial controlling stake of the outfit on February 9, 2001. One day earl...
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