date:May 23, 2014
osal did not reflect the fundamental value of the Company and it was therefore not in the best interests of shareholders.
The Board of Treasury Wines does not intend to take any further action in relation to the proposal. The Board of Treasury Wines remains focused on maximising shareholder value and will carefully consider any future proposal that is consistent with this objective.
Treasury Wines said its shareholders did not need to take any action in response to the KKR proposal.
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