TWE plans 'no further action' on KKR bid

Target’s board says no plans to engage on $3bn takeover bid from KKR.

Takeover target Treasury Wine Estates has hinted it will not engage with suitor Kohlberg Kravis Roberts after its board sent a letter to shareholders explaining the rationale for rejecting the $3.05 billion unsolicited bid.

“Your board spent considerable time evaluating the proposal in the context of the company’s plans to drive growth and profitability,” TWE said in the letter.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles