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Fri, May. 23, 3:47 AM
- Treasury Wine Estates (TSRYF) and Bright Food Group have dismissed a report that the Chinese company is in talks to buy the Australian vintner.
- The denials come after Treasury Wine rejected a A$3.1B ($2.9B) proposal from U.S. private-equity firm KKR (KKR) earlier this week.
- Treasury has also dismissed reports recently that it has received separate approaches from Constellation Brands (STZ) and France's Pernod Ricard (PDRDY) for Treasury's U.S. operations.
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