Treasury Wine Estates Limited completed the acquisition of US and UK wine operations assets from Diageo plc.
As of October 19, 2015, TWE completed the pro rata accelerated renounceable entitlement offer of new TWE ordinary shares to raise gross proceeds of approximately $486 million. As on October 30, 2015, the deal received early termination notice from HSR. The transaction is expected to be completed by January 1, 2016. As on November 4, 2015 US Federal Trade Commission has completed its review of the transaction and has no objection to the transaction proceeding.
Goldman Sachs Australia Pty. Ltd. acted as financial advisor to Treasury Wine Estates Limited. Shon Glusky, Stephanie Zeppa, Adam Freiman, Michael Peng, Bill Ziegelbauer, Adrian Smith, Brian Anderson, Rachel Hudson, Mike Orlando, David Van Pelt, Michael Chan, Amy Tranckino, Joan Story, Katherine Allen and Randy Short of Sheppard Mullin, Louise Wallace, Gemma Sainsbury, Samantha Dames, Matt Willoughby, Helen Arathimos and Ruth Jones of CMS acted as legal advisors for Diageo. Greg Mulley, Rodd Levy, Nick Pantlin, Christine Young, Andre Pretorius, Isaac Zalier, Isla Dentice-Wood, Alice Amrit, Grant Murtagh, Chris Gill, Simon Evans, Pindy Gainda and Laura Deacon of Herbert Smith Freehills, Farella Braun + Martel LLP and Stibbe N.V. acted as legal advisors for Treasury Wine Estates Limited.
Treasury Wine Estates Limited (ASX:TWE) completed the acquisition of US and UK wine operations assets from Diageo plc (LSE:DGE) on January 1, 2016.