A $A101 million bottom-line loss at Treasury Wine Estates (TWE) has taken the pressure off rival private equity firms to lift their takeover bids.
The Australasian winemaker – the world’s biggest after Constellation Brands – made the loss after writing off a further $A280 million on its US
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Nevil Gibson
Thu, 21 Aug 2014
Thu, 21 Aug 2014
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Treasury Wines' big loss eases pressure on takeover bidders
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