Treasury Wines confirms new bid

KKR, Rhone lob fresh $5.20 per share bid, TWE board to engage further with suitors.

Treasury Wine Estates (TWE) has confirmed it has received a fresh proposal from Kohlberg Kravis Roberts and Co (KKR) and Rhone Capital to acquire all of the its shares, with the winemaker set to open its books to the suitors.


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