Well on the surface this looks like a good deal all round;ANZ...

Well on the surface this looks like a good deal all round;
ANZ get cash and notes
ETWG get Yarraman notes
ETWPB get converted into ordinaries
Management retained
Debt is paid off, synergies and expansion into US market

The only thing is that not much is known about Yarraman. Do they have the cash to pull it off ? Is this a half baked strategy ? What is Franklin Tate up to ?

l guess we will have to wait until after Xmas to find out - its enought to force a man to drink !