Treasury Wine To Buy Diageo U.K., U.S. Wines

By Wallace WitkowskiMarketWatch Pulse

Australia's Treasury Wine Estates Ltd. agreed to buy the majority of U.K., and U.S. wine assets from Diageo PLC for $600 million, according to media reports Tuesday. Diageo's U.S. wine assets include labels like Beaulieu Vineyards and Sterling Vineyards.

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