Hostile takeovers – the flavour of the month
Constellation Brands, the world’s largest wine company, reaffirmed its hostile bid to buy Canadian rival Vincor International for about USD 900 million. Vincor International is one of the world’s top ten wine companies by revenue with wineries in British Columbia, Ontario, Quebec, New Brunswick, California, Washington State, Western Australia and New Zealand. Vincor is also one of the largest wine importers, marketers and distributors in the United Kingdom.
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