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Treasury Wine Shares Soar After Moves to Tackle Excess US Supply

Australian vintner Treasury Wine Estates Ltd. saw its shares jump to an eight-month high after announcing a A$558.4 million ($395 million) post-tax writedown to tackle supply chain problems in its US market.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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