Advertisement
YOU ARE HERE: LAT HomeCollectionsRavenswood Winery Inc
IN THE NEWS

Ravenswood Winery Inc

FEATURED ARTICLES
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.
ARTICLES BY DATE
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.
Advertisement
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 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
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.
BUSINESS
February 9, 1999 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
The Internet, which has already shaken the securities industry to its roots, is mounting a new challenge to Wall Street's century-old underwriting process. Fledging investment bank W.R. Hambrecht & Co. plans to take companies public via the Internet, using an auction process designed to put small investors on an equal footing with big institutions.
BUSINESS
December 9, 1999 | DEBORA VRANA, TIMES STAFF WRITER
The third time seemed to be the charm Wednesday for San Francisco investment bank W.R. Hambrecht & Co.'s innovative "OpenIPO" system, given the successful initial public offering sold by Acton, Mass.-based Andover.net Inc. through lead underwriter Hambrecht. Shares of Andover.net (ticker symbol: ANDN), which runs a network of Web sites about the Linux computer operating system and other so-called open-source software, more than tripled in their trading debut Wednesday on Nasdaq to close at $63.
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
November 9, 1999 | From Bloomberg News
After managing the initial public offering of 1 million Ravenswood Winery Inc. shares in April's debut of a new IPO auction technique, W.R. Hambrecht & Co. and its chairman have taken the unusual step of repurchasing about 600,000 of the vintner's shares since the offering. The encore to W.R. Hambrecht's first test of its online "Dutch auction" IPO system gives the San Francisco investment bank a 13% stake in Ravenswood, according to a regulatory filing. A W.R.
Los Angeles Times Articles
|