Southcorp tells Fosters to drop takeover and create merged

[News Manager]

AFP - Australia's largest winemaker Southcorp has urged beverage giant Foster's to drop its hostile takeover bid and instead back a merger of both companies' wine operations into a single global powerhouse.

http://story.news.yahoo.com/news?tmpl=story2&u=/afp/20050308/ts_afp/australiabeveragessouthcorpfosters]Read more...[/url]