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Tag Archive: Treasury Wine Estates

Treasury, Refocusing Penfolds On The U.S., Unveils Latest Vintage Of Grange In New York

Earlier this year, Treasury Wine Estates shifted the annual release of its Penfolds luxury wines to October (replacing the previous dates of March and May) to bolster availability in the run-up to the holidays. Continue reading →

Posted in News on October 15, 2014

Treasury CEO Cites Debt, Regulatory Issues As Barriers To Deal

Following Treasury Wine Estates’ announcement yesterday that it had ended takeover talks with KKR and another suitor thought to be TPG Capital, Treasury CEO Michael Clarke noted on a conference call that, in addition to shareholder dismay at the A$5.20 ($4.54) a share price on offer, debt and regulatory issues impeded an agreement between the parties. Continue reading →

Posted in News on September 29, 2014

Treasury Wine Estates Said To Receive Formal Offers From KKR, TPG

Two private equity firms launched formal bids for Treasury Wine Estates (TWE) earlier today, according to Australian press reports. Continue reading →

Posted in News on September 26, 2014

TPG, KKR Reportedly Lining Up Financing For Treasury Takeover Bids

News out of Australia suggests the private-equity pursuit of Treasury Wine Estates is intensifying, with the wine giant’s two current bidders exploring financing options to enable a deal. Continue reading →

Posted in News on August 29, 2014

As Suitors Circle, TWE Chief Clarke Says His U.S. Acquisition Plan Has Support

While Treasury Wine Estates is widely expected to be acquired in the near future, TWE chief executive Michael Clarke says he too is on the acquisition hunt. Continue reading →

Posted in News on August 25, 2014

TWE Narrowly Meets Guidance, Putting Bidding War In Doubt

Treasury Wine Estates (TWE) has revealed currency-adjusted EBITS of A$193 million ($179m) for its full fiscal year ended in June, meeting its guidance by a slim margin. Continue reading →

Posted in News on August 21, 2014

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