date:May 26, 2014
he market excited, said Morningstar analyst Daniel Mueller.
A Treasury Wine spokesman said there were no discussions between Treasury Wine and Bright Food. A Shanghai-based Bright Food spokesman said the company had no plans to buy Treasury Wine or other wine makers in Australia.
Bright Food just struck a deal on Thursday to buy a 56 percent stake in Israel's largest food company, dairy firm Tnuva, from private equity house Apax in a deal estimated to value the company at about $2.5 billion.