Yarraman Winery Inc has made a rocky start to its ambitious plan to become a global wine powerhouse after Evans & Tate Ltd last week knocked back the US-listed group’s initial $131m merger proposal.
Evans & Tate have rejected a $131 million takeover proposal from Yarraman Winery Inc following a week of close discussions with senior management from the US-listed wine group.
12 Jan 2007
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