The battle heats up for Treasury Wine

One week after KKR sweetened its takeover bid for Treasury Wine, a rival private equity firm has put forward an offer that is sure to intensify the fight for ownership of the beleaguered wine company.

Exactly a week ago Kohlberg Kravis Roberts & Co established the price of admission to Treasury Wine Estates’ data room. Today a rival private equity firm demonstrated it is prepared to contemplate paying that price or more.

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