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Carlyle Group Said To Be Targeting Treasury

August 15, 2014

Treasury Wine Estates may soon have another suitor asking to examine its books, as the Australian Financial Review reports that Washington, D.C.-based private equity the Carlyle Group is close to making an offer. If it follows through, Carlyle would be the third potential acquirer to formally enter the race for Treasury, which already has two offers on the table—one a joint bid from KKR/Rhône Capital and the second from an anonymous bidder said to be Texas-based TPG Capital—both of which value the Australian winemaker at $3.2 billion.

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