TWE rejects acquisition proposal from KKR

Treasury Wine Estates (TWE) has announced that it has rejected a preliminary bid for to acquire all shares in TWE at a price of $4.70 cash per share from private equity firm, Kohlberg Kravis Roberts & Co. (KKR).
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CUB fined $20k for misleading labelling

Carlton & United Breweries has paid two infringement notices totalling more than $20,000 for misleading labelling which implied one of its beers was brewed by a craft brewer in Byron Bay.
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