#Australia: Wine giant Treasury opens its books after sweeter offer

Prospect of bidding war looms for maker of Penfolds and Wolf Blass after new A$3.1bn approach by private equity giant KKR

Australia's Treasury Wine Estates, which rejected a A$3.1bn unsolicited offer from KKR and Rhone Capital in May, said the 11% increase in the price meant it was now "in the interests of shareholders to engage further"...

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