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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GrainCorp posts profit drop

Australian grain giant, GrainCorp has posted a net profit of $50m for the six months up to 31 March, $38.2m less than the previous corresponding period.
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CCA to refocus on Australian operations

Coca-Cola Amatil has announced that it will be focusing on its Australian operations to encourage sustainable earnings growth and deliver strong shareholder returns as part the first phase of its strategic review.
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Chobani secures US$750m from TPG

Private equity firm, TPG has announced a US$750m investment in New York based Greek yoghurt maker, Chobani in order to help the business expand its share in foreign markets.
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