Foster's A$4.37 per share offer for Southcorp may not be high enough to secure victory, according to Australian observers. The proposed takeover is worth A$3.1bn (£1.3bn), although a surplus of grapes this year has weakened profit margins. There has also been a slowdown in demand for premium wine following the September 11 terrorist attacks in 2002. Despite that, chief executive Trevor O'Hoy believes adding the Southcorp portfolio will be "hugely beneficial". The Sunday Times 13/02/05 (Business) page 3.9

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