Earlier this month, after Kohlberg Kravis Roberts & Co and Rhone Capital tabled a joint-bid for Treasury Wine Estates that prompted the wine company to open its books, I posited that the move would not trigger a bidding war. Why, after KKR’s previous bid three months prior failed to flush out any rival offers, would anyone now be keen to throw their hat into the ring?
Editor’s Viewpoint – The Race Downhill for Treasury Wine Estates
Earlier this month, after Kohlberg Kravis Roberts & Co and Rhone Capital tabled a joint-bid for Treasury Wine Estates that prompted the wine company to open its books, I posited that the move would not trigger a bidding war.
