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Southcorp chief red-faced but unrepentant

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Southcorp chief executive John Ballard openly admits that theFoster’s Group’s $3.1 billion hostile bid for his wine company lefthim red-faced. (The Age — 21 February, 2005)
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The day before news broke that the Oatley family had offloaded its18.8 per cent stake in Southcorp, chief executive John Ballard senta memo to his employees telling them to ignore rumours thatFoster’s was about to swoop. (Sydney Morning Herald — 21 February, 2005)
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Southcorp chief red-faced but unrepentant
Southcorp chief red-faced but unrepentant

Global beverages firm Foster’s Group said today that winemakerSouthcorp’s defence against a proposed takeover by Foster’s lackedcredibility. (Australian Financial Review — 22 February, 2005)
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Global beverages firm Foster’s Group will adjust its offer pricefor rival Southcorp. (Sydney Morning Herald — 21 February, 2005)
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