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The firm noted that depletion for its Penfolds business “remains weak relative to plan”, with the firm now no longer retaining its guidance for the same for low to mid double-digit EBITS growth in fiscal 2026 and approximately 15% EBITS growth in fiscal 2027.

Similarly, given the uncertain outlook around trading conditions and expectations, Treasury Wine said it is prudent to pause the buyback until greater clarity is available.

“Several initiatives are now being implemented to mitigate the expected impacts in China in F26, including pursuing opportunities to re-allocate product to select customers in other key markets in a manner that is sustainable and minimises the risk of parallel imports back into the China market,” the winemaker added in its statement.

($1 = 1.5382 Australian dollars)

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By David Winning

  SYDNEY--Mining software company RPM Global said it has agreed to a takeover by U.S. giant Caterpillar that values its equity at some 1.12 billion Australian dollars (US$730 million). 

  RPM Global said Caterpillar is offering A$5.00 per share in cash. That represents a 33% premium to RPM Global's share price on Aug. 28, just before it announced Caterpillar was interested in acquiring the company. 

  Denise Johnson, Caterpillar's president of Resource Industries, said RPM Global's software complements its own technologies, especially in areas such as asset management, fleet management and autonomy. 

  "Together, we have the potential to enhance mine site operations for our customers, unlocking even greater value," Johnson said. 

  Write to David Winning at david.winning@wsj.com 

  (END) Dow Jones Newswires

  October 12, 2025 17:50 ET (21:50 GMT)
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