Swiss group Hess has extended until November 4 its A$149m (US$104m) takeover of Australia’s Peter Lehmann Wines.
This was a requirement after it exceeded the 50% threshhold this week.
Hess launched a takeover in late August triggering a battle with Allied Domeq which had built up a 14.5% holding in the South Australian producer.
Allied suddenly withdrew, selling and taking the Hess holding to 60.5%.
