As subscribers of this site would probably be expecting to hear, Peter Lehmann Wines will remain a publicly listed company in Australia, with the Hess Group becoming its major shareholder. Allied Domecq has withdrawn from the bidding race now that Hess has increased its bid to A$4.00 per share without condition. Peter Lehmann (the individual) is delighted, the company’s board is reunited and I’d expect the top to be taken off some decent old Barossa shiraz in the very near future. In my opinion, this is a very satisfactory end to a story whose plot had more intricacies than most soap operas.
