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Potential bidders circle Treasury Wine
date:May 29, 2014
s while reducing overhead costs.

Treasury Wines earnings before interest, tax, SGARA and material items, a measure of cash flow before capital expenditure, fell 38 per cent to $45.8 million in the six months to December 31, 2013.

Any competition to KKR is likely to come from private equity than trade, says an investment banker who spoke on condition of anonymity.

Bankers would not discuss the names of clients potentially interested in making a takeover offer for Treasury Wine.

This month, th

12/25 00:45