UNCOOKED ALERT: Treasury Wine Estates said to ... - Part 3

Treasury Wine Estates, the Australia-listed wine distributor, is said to have now received a formal offer.

People following the situation have heard speculation Treasury Wine Estates recently received a takeover approach valuing the business at AUD$ 15.67 a share.

Some people following the situation suggested the approach may have come from Pernod Ricard, the France-listed drinks giant...