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[sharechat] Lion calls Australia home?

From:	"Phil Boeyen" <pboeyen@sharechat.co.nz>
Date:	Wed, 3 Oct 2001 09:57:15 +1200

I was interested in this headline in The Australian this morning re Lion's
offers for Petaluma and Banksia:
"Lion stalks our wines".

Given Lion is domiciled in Aussie now it makes me wonder why they used the
term "our" - and in fact what criteria people use to decide if a company is
an "Australian" or "New Zealand" business.  I would have thought it is where
the head office is but there are a number of other measurements - where the
majority of shareholders live, where the most earnings come from, which
country has the biggest share trading volumes etc - which might have a
weighting.

On the other hand maybe the headline is an example of the fallout from the
Air NZ-Ansett saga, whereby any NZ-linked company looking to buy Aussie
businesses will be treated suspiciously for some time to come?

Phil




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