It could pay an additional $100 million if certain targets are met, Treasury Wine added. Inclusive of cost synergies of more than $20 million, the acquisition is expected to be mid to high-single-digit earnings per share (EPS) accretive in fiscal 2025, the first year of Treasury Wine owning DAOU. Treasury Wine, which had a trading halt earlier in the day, also announced an A$157 million placement of new shares in the company will be issued to the existing owners of DAOU.
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