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Treasury Wine Estates rise more than 4 percent on new KKR offer
August 4, 2014 / 1:10 AM / in 3 years

Treasury Wine Estates rise more than 4 percent on new KKR offer

SYDNEY, Aug 4 (Reuters) - Shares in Treasury Wine Estates rose as much as 4.3 percent on Monday after Kohlberg Kravis Roberts & Co LP raised its takeover offer by 10.6 percent to $3.15 billion.

The increase lifted Treasury’s share price closer to the sweetened A$5.20 offer from KKR and Rhone Capital LLC.

Treasury shares were trading at A$5.16, up 4.2 percent, at 0105 GMT.

Reporting by Jane Wardell; Editing by Paul Tait

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