Update: Brightfoods has denied being in talks to acquire TWE.
http://www.businessspectator.com.au/bs.nsf/Article/Chinas-Bright-Food-denies-Treasury-talks-pd20110705-JG485?OpenDocument&src=hp21
(Seriously Bloomberg should check its sources)
Anyhoo, I think Constellation mentioned their interest in TWE about a week after the demerger. I think the probability for T/O of both Fosters and Treasury are quite good, and the market knows it.
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