BRL 0.78% 97.3¢ bathurst resources limited.

$10.50 takeover

  1. 934 Posts.
    Consteiiation Brands offer
    BRL Hardy Limited {ASX : BRL) will emerge as pug ofthe world’s largesl wine btlsiness Llnder
    an hUD$1.9 billion merger proposal announced today by major US-based beverage alcohol
    company, Constellation Brands, Inc. (NYSE: STZ and STZ.B).
    As part of lhe merger proposal, lhe BRL Hardy allcl Constellation Brads wine operalions would
    be combined to form a separate global wine bminess - Constellalion Wines - within the
    Constellalion Brands, Inc. group.
    Complelion of the merger would create the world’s largest wine business with nine key
    operating divisions around the world and tola1 anntml wine sales of‘ more than AUD$3 billion.
    The proposed BRL Hardy-Constellalion Bra~lds merger, which would be ell’ected lhrough a
    Scheme of Arrangement, includes an ofyer to BRL Hardy shareholders of $10.50 for each of
    their shares - either:
    + All cask
    + All scrip, or
    + Any combination of‘ cash and scrip
    The price ofyered is on the basis lhat no ha1 dividend will be paid.
    A cask offer is also proposed for all BRL Hardy optionholders, based on the $10.50 per share
    offer price.
    The $10.50 per share offer represents a premium of 37% to BRL Hardy’s closing ASX price of
    $7.67 on Monday 13 J a n w r y 2003, the day befbre the merger discussions were announced to the
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Open High Low Value Volume
97.0¢ 97.3¢ 97.0¢ $1.171K 1.207K

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