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Friday, July 22, 2011

Is Treasury Wine Estates on the market?

Awhile ago Foster's of Australia spun off its wine division, Treasury Wine Estates.  They are the second biggest "wine corporation" behind Constellation Brands.   Treasury owns Beringer, Chateau St. Jean, Stag's Leap, and dozens of other wineries around the world.

According to financial analysts their stock is currently undervalued and potential buyers are looking including the Chinese.   Even before the spin-off there was an attempt to buy Treasury, but Foster's turned down the offer saying it wasn't enough money.