date:Aug 12, 2014
reasury comes as mergers and acquisitions activity in Australia booms, driven by takeovers by overseas players. Australian MA deal volume jumped to $81.1 billion so far this year, making it the biggest year for deal activity since 2011, according to Thomson Reuters data.
Treasury has been viewed as ripe for a takeover since late 2013. The world's second-biggest wine supplier by volume sales reported profit slumped 38 percent in the six months ended February, with warnings of more pain to come.