Yarraman in fresh bid for E&T

THE Australian arm of US-listed Yarraman Winery Inc has made a fresh takeover offer for winemaker Evans & Tate Ltd, attempting to trump proposals by Peter Fogarty’s Pendulum Capital Pty Ltd and Jack Bendat-linked Ferngrove Vineyards Ltd. WA Business News understands that the takeover proposal was lodged by Yarraman Pty Ltd, the Australian company of US-listed Yarraman Winery Inc, in a bid to overcome problems with its rejected $148 million takeover proposal earlier this year. The fresh deal would still include eliminating all of the winery’s debt to ANZ, which stands at about $100 million.

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