Published October 13, 2015 7:08pm EDT | Updated October 13, 2015 8:04pm EDT

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

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.