Foster’s Board Approves Demerger – So What’s Next?

Dear Client: Did you hear that? It's the sound of Foster's splitting its beer and wine operations. As expected, shareholders approved Foster's demerger plan last night, which means Treasury Wine Estates will be listed separately on the Australian Securities Exchange beginning May 10 under the code "TWE." The demerger is expected to be implemented on May 20. HOW DOES THIS EFFECT TREASURY AMERICAS? Nicole Carter, vp of corporate communications for Treasury Wine Estates told WSD: "As you are aware the