Foster’s Wine Worth $3.6 Billion

As you know, Foster’s Group’s ceo Trevor O’Hoy departed earlier this week as the company admitted it paid entirely too much for its Beringer and Southcorp acquisitions. As a result, Foster’s issued a $700 million write-down and transferred $600 million in goodwill to its beer operations.In Foster’s investor and media briefing earlier this week, the company was rather vague on just about everything, including whether it will sell its wine business. The mood was tense and analysts were, as you