DataRoom AM: Tempting Treasury Wine

Private equity firm KKR has reportedly sweetened its bid for Treasury Wine, while Lend Lease appears keen to stay in the chase for Leighton's John Holland division.

The punt taken by investors on a larger takeover offer being put forward for Treasury Wine Estates is closer to paying off as KKR reportedly comes back to the table with an improved bid. But will it be enough to seal a deal?

Elsewhere, the race for Leighton’s John Holland tightens, private equity firms opt out of the auction of Lorna Jane and Shell receives a setback to its local divestment plans.

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