date:Aug 12, 2014
Two global private equity giants are set to face off in a battle for Australia's Treasury Wine Estates Ltd (TWE.AX) after TPG Capital Management LP [TPG.UL] matched a $3.1 billion move from KKR Co LP (KKR.N) for one of the world's biggest wine makers.
A week after KKR teamed with Rhone Capital LLC to propose a A$5.20 a share offer for Treasury, the owner of the Penfolds, Lindemans and Wolf Blass brands said on Monday it received a second identical approach from a global private equity firm whi