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Beringer Wine Estates Holdings

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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.
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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 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
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
October 29, 1997
St. Helena-based Beringer Wine Estates Holdings Inc. sold Class B shares in a $117-million initial public offering of the wine maker, at $26 each. The stock begins trading on Nasdaq today.
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
July 6, 2000 | PAUL BASKEN, BLOOMBERG NEWS
U.S. winemakers, long attacked by Europeans for poaching such names as "Chablis" and "Champagne" for their labels, are accusing their transatlantic rivals of some brand larceny of their own. The winemakers say importers are using the California "Zinfandel" name on some Italian wines made with a related grape, Primitivo. Zinfandel Advocates and Producers, a trade group, has appealed to the U.S. Bureau of Alcohol, Tobacco and Firearms to reverse a ruling letting the Italians use the name.
BUSINESS
October 30, 1997 | DEBORA VRANA, TIMES STAFF WRITER
When a financial storm crushed Beringer Wine Estates Holdings' plan for a stock offering on Monday, anxious executives found solace in the winery's best reserve. "There's nothing like a fine bottle of Beringer to help ease the pain of the markets," said Kurt Mobley, an investment banker with Goldman, Sachs & Co., the firm leading Beringer's first-ever stock deal. "We had a lengthy dinner and drank several bottles."
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