TWE Puts the Kibosh on Acquisition Talks Before Formal Bid
Treasury Wine Estates pulled a fast one Monday when the company announced it had ended acquisition talks with its two private equity suitors. Reports out late last week said the Australian wine giant had all but handed over the keys to the kingdom to one of its bidders - Kohlberg Kravis & Roberts or TPG. Recall, both initially bid about $3 billion in order to get access to TWE's books.
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