Alert, TWE Fancies a Higher Proposal from KKR

You may recall, Treasury Wine Estates rejected a $2.85 billion takeover bid from buyout firm Kohlberg Kravis Roberts & Co. in April [see WSD 05-20-2014]. Since it's Monday in Australia already, news has just broken that KKR, along with private equity group Rhone Capital, has offered up another bid worth $3.2 billion, and this time, TWE is interested."The Board of TWE, together with its advisers, has concluded, based on the revised proposal, that it is in the interests of its