Original article by Richard Gluyas
The Australian – Page: 19 : 22-Aug-14

Treasury Wine Estates has posted a 2013-14 full-year net loss of $A100.9m. EBITS of $A193m was not enough to offset provisioning worth $A280.6m for impaired assets. EBITS in the Australasian operations fell 31.5% to $A75.1m, and that for the US division was down 7% at $A80m once foreign exchange rate fluctuations were taken into account. On 21 August 2014 the stock closed $A0.13 lower at $A5.20, also the offer price in rival takeover bids by private equity firms TPG Capital and Kohlberg Kravis Roberts with Rhone Capital. CEO Mike Clarke said the company wants to expand in the US premium wines segment

CORPORATES
TREASURY WINE ESTATES LIMITED – ASX TWE, KOHLBERG KRAVIS ROBERTS AND COMPANY, KKR AND COMPANY LP, RHONE CAPITAL LLC, TPG CAPITAL LP, PENFOLDS WINES PTY LTD, ROSEMOUNT ESTATES PTY LTD, LINDEMANS WINES PTY LTD, CITIGROUP PTY LTD