Takeover for Treasury Wines

Private equity firms KKR and Rhone Capital have teamed up to offer $5.20 per share for Treasury Wine Estates, 50c more than the previous KKR offer. That price values the business at $3.4bn. Treasury will allow the consortium to conduct detailed due diligence but it has not issued a rejection or acceptance of the offer just yet. Management will be ‘engaging’ with the bidders, according to Treasury’s ASX statement, a vague declaration meaning the bid could go either way. KKR is unlikely to proceed without management support. We noted in Neilson, Poirot and Treasury Wine (Hold - $3.56) that...

Private equity firms KKR and Rhone Capital have teamed up to offer $5.20 per share for Treasury Wine Estates, 50c more than the previous KKR offer. That price values the business at $3.4bn. Treasury will allow the consortium to conduct detailed due diligence but it has not issued a rejection or acceptance of the offer just yet. Management will be ‘engaging’ with the bidders, according to Treasury’s ASX statement, a vague declaration meaning the bid could go either way. KKR is unlikely to proceed without management support.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

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

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles