date:May 26, 2014
sters Group Ltd in 2011, has been considered a takeover target since late 2013 when it slashed earnings forecasts, ousted its CEO and revealed that its U.S. arm was forced to destroy wine because of oversupply.
Its portfolio, which includes the Beringer and high-end Penfolds labels, makes it especially attractive for companies hoping to capitalise on growing demand for luxury goods in Asia as the region's middle class expands.
Earlier this month, the Australian firm denied French liquor giant