Australia's Treasury Wines receives competing buyout offer
Australia’s Treasury Wine Estates (TWE) has received a buyout offer from TPG Capital that values the company at A$3.37 billion ($3.15 billion), matching a revised bid submitted by KKR and Rhône Capital last week.
TWE said in a regulatory filing that it had been approached by "another global private equity investor" that was willing to acquire all shares in the company at A$5.20 apiece in cash by way of a scheme...
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