Why KKR didn't play the waiting game with Treasury Wine

Kohlberg Kravis Roberts and Rhone Capital saw no reason to wait for Treasury Wine's results before making a revised takeover bid, and their approach could flush out any competing proposals.

With less than three weeks to go until Treasury Wine Estates releases its full-year results, why didn’t Kohlberg Kravis Roberts & Co and its new partner Rhone Capital wait for them before putting a new takeover proposal on the table?

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