TWE Receives Second Takeover Bid

Let the bidding war begin. As was widely predicted, Treasury Wine Estates has received a competing takeover bid from an anonymous global private equity firm, per a statement from the company. The Anonymous Private Equity has offered to acquire TWE for the exact same $4.85 per share ($3.2 billion) as Kohlberg Kravis Roberts & Co. and Rhone Capital. Recall, TWE agreed to open its books to KKR & Rhone for $3.2 billion bid. The company will now extend the same