Tag: Flying Trout
Afternoon Brief, May 20
Treasury Wine Estates Rejects Kohlberg Kravis Roberts Offer:
Treasury Wine Estates Ltd. rejected a 3.05 billion Australian dollar (US$2.85 billion) takeover bid from Kohlberg Kravis Roberts & Co., pitched as the world's No. 2 vintner grapples with a string of setbacks including poor U.S. sales that forced it destroy thousands of gallons of wine last year...