TWE Acquisition Rumors Resurface

Dear Client:A report from The Australian claims private equity firm Kohlberg Kravis Roberts (KKR) is again considering launching a takeover bid for Treasury Wine Estates (TWE). Recall TWE received two $3.2 billion takeover bids from private equity firms KKR and TPG in August. It was largely assumed TWE would proceed with a sale to one of the bidders after due diligence was performed, but an acquisition never came to fruition. Without naming sources, the newspaper says this morning "it is