Australia's Treasury Wines ends PE buyout talks
Australia’s Treasury Wine Estates (TWE) has ended talks with two private equity suitors, TPG Capital and a consortium comprising KKR and Rhône Capital, after deciding the offer was too low.
TWE - owner of brands such as Penfolds, Rosemount Estate and Wolf Blass - said in a regulatory filing that it had held discussions with shareholders representing approximately 50% of the total shares and...
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