Pernod Ricard Could Be Eyeing Australia's Treasury Wine Estates -Daily Mail
--Pernod Ricard SA may have approached Australia's Treasury Wine
Estates Ltd. about a takeover that would value the wine maker at
more than 5 billion pounds ($6.92 billion), British newspaper the
Daily Mail reports, citing unnamed sources.
--The Australian company has already received an offer of 15.67
Australian dollars ($12.04) a share either from Pernod or from a
U.S. private investment firm, according to the Daily Mail.
--Shares in Treasury Wine Estates in Sydney closed 6.4% higher
at A$10.97 on Monday.
--A spokesman for Pernod Ricard declined to comment. Treasury
Wine Estates didn't immediately respond to a request for
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March 08, 2021 08:07 ET (13:07 GMT)
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