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Beringer Wine Estates Holdings

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BUSINESS
January 4, 2000
* Beringer Wine Estates Holdings Inc., a major producer of California wines, agreed to sell its Napa Ridge brand to closely held Bronco Wine Co. of Ceres, Calif., for about $40 million to focus on better-selling products.
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BUSINESS
August 30, 2000 | From Reuters
How sweet it was for a lot of investors. Wine stocks rallied Tuesday after two foreign firms launched bids to acquire California vintners, prompting talk of additional deals. Australia's largest brewer, Foster's Brewing Group, said it will buy Beringer Wine Estates Holdings (ticker symbol: BERW) for $1.5 billion plus assumption of debt. Beringer shares rocketed $10.25 to a 52-week high of $55.31 after Foster's offered $55.75 per share for Beringer.
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BUSINESS
August 29, 2000 | MELINDA FULMER, TIMES STAFF WRITER
Signaling the start of what could be major consolidation in the premium-wine business, Australia's largest brewer, Melbourne-based Foster's Brewing Group Ltd., has agreed to buy Beringer Wine Estates Holdings Inc. of Napa, Calif., for $1.5 billion in cash and the assumption of debt. It would be the largest marriage, so far, in California's rapidly growing wine industry, which, faced with static domestic consumption and a swelling supply of grapes, is seeking to tap new international markets.
BUSINESS
August 29, 2000 | MELINDA FULMER, TIMES STAFF WRITER
Signaling the start of what could be major consolidation in the premium-wine business, Australia's largest brewer, Melbourne-based Foster's Brewing Group Ltd., has agreed to buy Beringer Wine Estates Holdings Inc. of Napa, Calif., for $1.5 billion in cash and the assumption of debt. It would be the largest marriage, so far, in California's rapidly growing wine industry, which, faced with static domestic consumption and a swelling supply of grapes, is seeking to tap new international markets.
BUSINESS
August 30, 2000 | From Reuters
How sweet it was for a lot of investors. Wine stocks rallied Tuesday after two foreign firms launched bids to acquire California vintners, prompting talk of additional deals. Australia's largest brewer, Foster's Brewing Group, said it will buy Beringer Wine Estates Holdings (ticker symbol: BERW) for $1.5 billion plus assumption of debt. Beringer shares rocketed $10.25 to a 52-week high of $55.31 after Foster's offered $55.75 per share for Beringer.
BUSINESS
June 24, 1998 | Bloomberg News
Shares of Robert Mondavi Corp., one of the largest U.S. wine producers, fell nearly 8% after the company warned that fiscal fourth-quarter and 1998 earnings will be 15 cents a share below estimates because of slow Chardonnay sales. Oakville-based Mondavi shares fell $2.50 to close at $29.56 in heavy trading on Nasdaq. The stock, which earlier fell to a 52-week low of $27.63, is the worst-performing beverage stock so far this year with a 39% decline.
BUSINESS
August 28, 1997
Beringer Wine Estates Holdings Inc., Napa Valley's oldest continuously operating winery, plans to go public in a $100-million initial share offering. The St. Helena producer of well-known premium wines such as Beringer and Meridian Vineyards filed to register an initial public offering for up to 4.85 million Class B common shares.
BUSINESS
August 9, 2000 | MELINDA FULMER, TIMES STAFF WRITER
Two of California's largest vintners, Kendall-Jackson and Beringer Wine Estates, are discussing a merger that could lead to the creation of the country's largest premium-wine company, officials confirmed Tuesday.
BUSINESS
April 13, 1999 | JOSH FRIEDMAN
I won. I think. Getting 100 shares of Ravenswood Winery in its initial public offering turned out to be surprisingly easy. Watching them test the stock market now, without any traditional analyst support, could turn out to be the hard part. From this corner, W.R. Hambrecht & Co.'s novel "OpenIPO" format lived up to its name in the first test. The San Francisco-based brokerage touts OpenIPO as an egalitarian "Dutch auction" system that gives the little guy a fair shake.
BUSINESS
January 4, 2000
* Beringer Wine Estates Holdings Inc., a major producer of California wines, agreed to sell its Napa Ridge brand to closely held Bronco Wine Co. of Ceres, Calif., for about $40 million to focus on better-selling products.
BUSINESS
June 24, 1998 | Bloomberg News
Shares of Robert Mondavi Corp., one of the largest U.S. wine producers, fell nearly 8% after the company warned that fiscal fourth-quarter and 1998 earnings will be 15 cents a share below estimates because of slow Chardonnay sales. Oakville-based Mondavi shares fell $2.50 to close at $29.56 in heavy trading on Nasdaq. The stock, which earlier fell to a 52-week low of $27.63, is the worst-performing beverage stock so far this year with a 39% decline.
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