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Ravenswood Winery

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BUSINESS
April 10, 1999 | DEBORA VRANA, TIMES STAFF WRITER
In an innovative first-time stock offering that allowed individual investors to set share prices and buy stock directly online, Ravenswood Winery Inc. of Sonoma's stock rose 38 cents Friday to close at $10.88 in its Nasdaq debut. The initial public offering, or IPO, was priced Thursday night at $10.50 a share and was underwritten by San Francisco investment bank W.R. Hambrecht & Co. through its "OpenIPO" system.
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FOOD
November 7, 2001 | CHARLES E. OLKEN, SPECIAL TO THE TIMES
In a recent series of Zinfandel tastings, nearly 40% of the bottles sampled came from wineries less than a decade old. But while it is always fun to find new favorites, there's nothing like the hand of experience when it comes to creating a quality product year after year. In the tastings, older wineries dominated. Their success reminds us not to forget the track records of wineries with names we recognize.
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FOOD
November 7, 2001 | CHARLES E. OLKEN, SPECIAL TO THE TIMES
In a recent series of Zinfandel tastings, nearly 40% of the bottles sampled came from wineries less than a decade old. But while it is always fun to find new favorites, there's nothing like the hand of experience when it comes to creating a quality product year after year. In the tastings, older wineries dominated. Their success reminds us not to forget the track records of wineries with names we recognize.
BUSINESS
April 10, 1999 | DEBORA VRANA, TIMES STAFF WRITER
In an innovative first-time stock offering that allowed individual investors to set share prices and buy stock directly online, Ravenswood Winery Inc. of Sonoma's stock rose 38 cents Friday to close at $10.88 in its Nasdaq debut. The initial public offering, or IPO, was priced Thursday night at $10.50 a share and was underwritten by San Francisco investment bank W.R. Hambrecht & Co. through its "OpenIPO" system.
BUSINESS
April 29, 1999 | Debora Vrana
W.R. Hambrecht & Co., the San Francisco investment bank founded by Bill Hambrecht, said Wednesday that computer networking giant Novell Inc. has taken a minority stake in the firm. The size and amount of the stake by Novell, made through its venture capital arm, wasn't disclosed. The investment is expected to help W.R. Hambrecht, formed in January 1998, fund its growth. The firm recently launched its OpenIPO system, an auction-based method of taking companies public on the Internet.
BUSINESS
April 12, 2001 | From Bloomberg News and Reuters
Shares of Ravenswood Winery Inc. surged 65% on Wednesday to their highest level since the company went public in April 1999, after alcoholic beverage producer Constellation Brands Inc. agreed to acquire the winery for $148 million. Constellation Brands agreed to buy Sonoma, Calif.-based Ravenswood for about $29.50 a share and said it will assume minimal debt. The deal was seen closing in June and neutral to earnings for Constellation's fiscal year ending in February.
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.
FOOD
November 29, 1990 | DAN BERGER DAN BERGER..BD: TIMES WINE WRITER
Mt. Palomar Winery in Temecula harvested a small quantity of Sangiovese grapes in September, and will make a red wine out of the grape of the Chianti region of Italy. Peter Poole, general manager of the winery in southern Riverside County, said the winery crushed 1.5 tons of the variety, yielding just more than four barrels of wine. Mt. Palomar grafted somewhat over an acre of vines to Sangiovese in 1989 and got a small crop in 1990. Very little Sangiovese is planted in California.
BUSINESS
January 25, 2001 | DEBORA VRANA, TIMES STAFF WRITER
In the first initial public offering of 2001, a closely watched IPO from Peet's Coffee & Tea Inc., an Emeryville, Calif.-based specialty coffee roaster and marketer, will begin trading today after being priced lower than Wall Street's expectations Wednesday. Peet's IPO, the first such deal since mid-December, raised concerns that the IPO market will remain lackluster. Peet's sold 3.3 million shares at $8 a share Wednesday night, the low end of an already lowered range of $8 to $10.
BUSINESS
May 27, 1994 | BETH KNOBEL, SPECIAL TO THE TIMES
Will Chardonnay replace vodka as Russia's national drink? Hardly. But a delegation of California winemakers that arrived in Moscow on Thursday hopes its handmade wines will find buyers among Russia's emerging middle class. Six small, family-owned wineries from the Napa and Sonoma valleys, including Pine Ridge, Laurel Glen and La Jota, will start peddling their wines in Moscow and St. Petersburg in mid-July.
BUSINESS
June 23, 1999 | Times Wire Services
Discount brokerage TD Waterhouse Group Inc., on Tuesday upped the size of its stock offering by 31% to $1 billion, indicating that investor demand for online brokerage shares is still high, according to people close to the deal. The unit of Canada's Toronto-Dominion Bank plans to sell 42 million shares at $24 apiece. The offering values TD Waterhouse at $9 billion. The New York-based company earlier this month said it would sell 32 million shares for $20 to $24.
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