UPDATE Independent Liquor sellers plan to file suit against Asahi over price stoush

Thu, 14 Feb 2013

Feb. 14 (BusinessDesk) - Buyout firms Pacific Equity Partners and Unitas Capital plan to retaliate against Asahi's suit over Independent Liquor's $1.5 billion price tag with their own proceedings, this time in New Zealand. The Japanese drinks giant filed an originating document in the Federal Court of Australia in Melbourne today, alleging PEP and Unitas misled it over Independent Liquor's earnings and causing it to overpay. The private equity firms deny the allegations, saying they are "completely untrue and unfounded" and that Asahi has br...

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