TWE in “Final Steps” Before Entering Exclusive Talks

Recall, when Treasury Wine Estates agreed to let private equity groups KKR and TPG review its books earlier this summer, the Australian wine company emphasized there was "no certainty" an acquisition would be the result [see WSD 08-03-2014 ]. However, TWE is reportedly taking the "final steps" before making a decision to enter exclusive talks with one of its suitors, KKR or TPG as chief Mike Clarke has met with as many as 60 banking executives in Los Angeles, reports The Australian Financial Review.

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