Treasury Wine surges as KKR bid puts Grange-maker in play
date:May 21, 2014
sury Wine shares had fallen about 37% over the 12 months to yesterdays close as four of its top executives left amid A$160 million of writedowns in its US business and cuts to its forecasts in Asia and Australia.

On May 13 about 54 million shares were being borrowed by short-sellers betting on further price declines, according to data compiled by Bloomberg. Thats equivalent to 8.4% of the freely traded stock or 22 days of trading volume, the data show.

Some of todays advance may come from thos
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