date:May 29, 2014
e company denied media reports that it had held talks with two potential buyers of its US business: Constellation Brands, owner of Robert Mondavi winery and Kim Crawford wines; and Frances Pernod Ricard, owner of Perrier Jouet champagne.
The company says it remains open to takeover offers but will not support a proposal which does not compensate shareholders sufficiently for the value of their shares, as Treasury Wine chairman Paul Rayner said in a letter to shareholders. Such an offer may not