Drinking Alone – Treasury Wine Estates Rejects Bids, Will Remain Independent

Drama and alcohol seem to go hand in hand (especially on reality TV) and the wine business is proving to be no exception. The end seemed all but nigh for Australia’s struggling Treasury Wine Estates (TWE.AX) when two different private equity firms, KKR/Rhone and (allegedly) TPG, bid A$5.20 per share for the company. That ~$3.15b valuation already represented a… Read More »