Penfolds-Maker Treasury Buys DAOU Vineyards for Up to $1 Billion

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Penfolds-Maker Treasury Buys DAOU Vineyards for Up to $1 Billion
France Dernières Nouvelles,France Actualités
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Penfolds-maker Treasury Wine Estates Ltd. agreed to buy DAOU Vineyards LLC in California for as much as $1 billion to expand the company’s stable of US luxury brands.

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Australia's Treasury Wine Estates to Acquire DAOU Vineyards for $900 MillionAustralia's Treasury Wine Estates to Acquire DAOU Vineyards for $900 MillionAustralia's Treasury Wine Estates has announced its plans to buy luxury wine brand DAOU Vineyards in California for $900 million in cash. The acquisition is expected to be earnings per share accretive in fiscal 2025.
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