date:Aug 04, 2014
The US based firm has offered an additional 50 cents on top of its prior offer which was rejected by TWE back in April. The current offer of $5.20 per share is 5.1 percent above TWEs Friday closing price of $4.95 per share, ABC News reports.
In a statement issued to the companys shareholders, TWE say that they are willing to engage further with KKR on the proposal.
The board of TWE, together with its advisers, has concluded, based on the revised proposal, that it is in the interests of its sha