Australia's Treasury Wine Estates to buy DAOU Vineyards for $900 million
© Reuters. Bottles of Penfolds Grange, made by Australian wine maker Penfolds and owned by Australia's Treasury Wine Estates, sit on a shelf for sale at a wine shop in central Sydney, Australia, August 4, 2014. REUTERS/David Gray/File photo) said on Tuesday it has entered into a deal to buy luxury wine brand DAOU Vineyards based in Paso Robles, California for $900 million in cash.
The company intends to establish $311 million of debt via a new $350 million acquisition bridge facility to expedite funding for the acquisition.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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