Earlier this Summer, I argued that TWE’s shareholders should sell out to Kohlberg Kravis Roberts & Co (KKR), on the basis that long-term structural changes in the global wine market are unfavourable to TWE’s business model. With KKR’s revised bid with Rhone Capital now valuing the company at 14x EBITDA, the case for cashing in is very compelling.
M&A Watch – Counter-Bid Seals Fate for Treasury Wine Estates
Earlier this Summer, I argued that TWE's shareholders should sell out to Kohlberg Kravis Roberts & Co (KKR), on the basis that long-term structural changes in the global wine market are unfavourable to TWE's business model.
August 11, 2014