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Treasury Wine surges as KKR bid puts Grange-maker in play
date:May 21, 2014
ler, a Sydney-based analyst at Morningstar Inc., said by phone. Theres certainly buyers for their assets.

The company was spun off from Fosters Group Ltd. in May 2011 before the brewers own A$10.5 billion takeover by SABMiller Plc later that year.

Treasury Wine will cut jobs and costs to save about A$35 million during the year to June 2015 and use the savings to increase its consumer marketing spending by about 50%, Clarke said in a separate statement today.

The job reduction will amount to a

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