Southcorp Limited - Panel Publishes Reasons

Release number


The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from Southcorp Limited (Southcorp) regarding the takeover offer by Beringer Blass Wines Pty Limited (Beringer) (a wholly owned subsidiary of Foster's Group Limited (Foster's)) for all the ordinary shares in Southcorp.

The application was announced on 28 January 2005 in Panel media release TP05/14. The Panel's decision was announced on 9 February 2005 in Panel media release TP05/17. These releases are available on the Panel's website at: Media Releases.

The sitting Panel was Ian Ramsay, Alice McCleary and Michael Ashforth.

The reasons of the Panel are available on the Panel's website.

Nigel Morris
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3501