Australia's Treasury Wine shares tumble on charge to cut inventory

SYDNEY, July 15 Sun Jul 14, 2013 8:19pm EDT

SYDNEY, July 15 (Reuters) - Australia's Treasury Wine Estates fell as much as 9.5 percent on Monday after it said it would take a A$160 million ($145 million) hit to pre-tax earnings in fiscal 2013 to cut aged U.S. inventory.

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