Treasury Wine Estates CEO Mike Clarke says 'it's over' with KKR and TPG

By Simon Evans
Updated September 30 2014 - 2:08am, first published 12:15am
Shares plummeted 15 per cent in early trade on Monday after the company said it had decided to scrap any more talks.
Shares plummeted 15 per cent in early trade on Monday after the company said it had decided to scrap any more talks.

Treasury Wine Estates had $275 million wiped from its market capitalisation on Monday after terminating talks with two private equity suitors, with chief executive Mike Clarke saying he doesn't believe they will return with a fresh proposal.

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