HONG KONG Aug 11 Global private equity firm TPG
Capital Management has submitted a takeover approach
for Australia's Treasury Wine Estates Ltd, matching a
rival $3.1 billion bid, a person with direct knowledge of the
matter told Reuters on Monday.
Earlier, Treasury Wine said it had received a new takeover
approach, without disclosing the name of the suitor, following a
bid received last week from private equity giant Kohlberg Kravis
Roberts & Co LP and Rhone Capital LLC.
TPG has started due diligence on Treasury Wine after
deciding to submit an approach over the weekend, the person
An external spokeswoman for TPG declined to comment.
(Reporting by Stephen Aldred; Editing by Denny Thomas and