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Takeover target Treasury Wine Estates Limited (ASX:TWE) has scrapped all takeover talks with its suitors.Australia’s largest listed winemaker scored a sweetened takeover bid of $5.20 per share from Kohlberg Kravis Roberts and Co and Rhone Capital in August.The company also last month received a new conditional proposal of $5.20 cash per share from an anonymous private equity investor, reportedly understood to be TPG Capital.After a period of due diligence Treasury Wine Estates has advised it is clear the bidders are not able to support a transaction on terms and at a price acceptable to the board.Chairman Paul Rayner says the board is confident in the strategic plans to grow the company and year-to-date performance is tracking ahead of plan.Treasury Wine Estates reported a net loss of $102 million in the 2014 financial year.
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Last
$7.84 |
Change
-0.160(2.00%) |
Mkt cap ! $6.361B | |||
| Open | High | Low | Value | Volume |
| $8.02 | $8.05 | $7.83 | $114.0M | 14.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 127329 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.84 | 6130 | 2 |
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| Last trade - 16.17pm 25/06/2025 (20 minute delay) ? |
| TWE (ASX) Chart |