date:Aug 12, 2014
R and Rhone based on a A$5.20 a share offer signaled the level at which the wine maker would consider discussing a takeover.
While KKR-Rhone and TPG have made identical proposals, they are likely to emerge from due diligence with markedly different proposals from which Treasury's board will then choose the stronger one, they added.
Treasury is allowing both private equity rivals to do due diligence simultaneously in the hope of speeding up the process. CEO Clarke is keen to have the matter res