date:May 23, 2014
Penfold and his wife Mary purchased the Mackgill estate and began producing wines. Initially the wines were prescribed as tonic wines for anaemic patients. The Company has grown to become one of Australias best known premium wine brands.
Proposal details
KKR yesterday confirmed that it had submitted on 16 April 2014 a preliminary, indicative and non-binding offer to acquire all shares in Treasury wines.
KKR said the price of A$4.70 cash per share represented a premium of:
27 per cent to the