date:May 29, 2014
Treasury Wine Estates remains in play, according to both investors and the investment bankers trying to interest private equity firms and beverage companies in acquiring the winemaker, reporting by Data Room has discovered.
Shares in the maker of Penfolds wine have soared 28 per cent since the company disclosed a $4.70 per share conditional takeover offer from buyout firm KKR on May 20. Yesterday the stock closed at $5.19 on the ASX, 49 cents above KKRs offer. That indicates that investors are