date:Aug 12, 2014
se of Treasury up to A$5.80 a share, or A$3.77 billion, stacks up, Thomas said.
There's been some pretty difficult periods for the business but if you look at where the earnings have come from there is clear value locked away there, which either the current team or private equity, through some level of a break-up, could crystallize, said Thomas.
An external spokeswoman for TPG declined to comment. KKR also declined to comment on the news of a second bidder.
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The skirmish for T