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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
February 5, 1999 | From Bloomberg News
Canned-foods giant Del Monte Foods Co. and existing shareholders on Thursday raised $300 million in an initial stock sale. The San Francisco-based company sold 16.7 million shares at $15 each, the midpoint of the $14 to $16 expected range set by lead underwriter Morgan Stanley Dean Witter & Co. The company raised a total of about $250.5 million. Existing shareholders sold an additional 3.3 million shares at the same price, raising $49.5 million.
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."
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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