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TREASURY WINE-KKR/OFFER
RTR4144T
August 04, 2014
Bottles of Penfolds Grange are on sale at a wine shop in central Sydney August 4, 2014. Australia's Treasury...
Sydney, Australia
Bottles of Penfolds Grange are on sale at a wine shop in central Sydney
Bottles of Penfolds Grange are on sale at a wine shop in central Sydney August 4, 2014. Australia's Treasury Wine Estates, which owns the Australian wine maker Penfolds, said on Monday it had received a revised conditional takeover bid from Kohlberg Kravis Roberts & Co LP and Rhone Capital LLC and would grant the bidders access for due diligence. Treasury said KKR had raised its bid by 10.6 percent to A$5.20 per share from the A$4.70 it offered in April, now valuing the world's second-largest winemaker at A$3.38 billion ($3.15 billion). REUTERS/David Gray (AUSTRALIA - Tags: FOOD BUSINESS)
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