Surging Aussie dollar makes Foster's more expensive

The Australian dollar has surged lately, which has increased the price of the proposed sale of the Foster’s wine business for the various private equity firms currently considering it, according to Reuters. The Australian dollar is now worth above 99 U.S. cents, which makes made the $3 billion wine business about 9 percent more expensive than when Cerberus, a buyout firm, approached them last month.

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