date:Aug 13, 2014
quity investor.
The proposal is subject to due diligence and conditional on a number of other matters equivalent to the previously announced proposal.
KKR made an offer of $2.9bn in April but that was rejected by TWE as it undervalued the Australian wine company.
A revised bid was offered last week where per-share price was increased by $0.50 to $5.20.
The board said: If an offer does result, the board will assess whether it delivers a value proposition that is superior to the expected benef