Foley Family Wines' Martinborough takeover crosses 90% threshold

Thu, 19 Jun 2014

By Suze Metherell June 19 (BusinessDesk) - Foley Family Wines, which is majority owned by American businessman and vineyard owner Bill Foley, has met the last of its conditions for its takeover bid for Martinborough Vineyard Estates, crossing the 90 percent threshold required to mop up the remaining shares. Marlborough-based Foley Family Wines has secured 90.27 percent of the pinot noir maker's shares, according to a notice to the stock exchange today, meeting the second condition of its takeover bid having already received Overseas Inves...

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