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Jan 2005 Issue of Wine Business Monthly
Mondavi (up 3.32 percent) and Constellation formally agreed to merge on November 3, with Constellation paying approximately $1.36 billion ($56.50 per share) for the entire Mondavi portfolio. The deal still had to be approved by stockholders.Mondavi also announced, on November 30, that its 50 percent stake in the joint ventures between itself and Chilean wine company Viña Errazuriz have been sold back to Viña Errazuriz. Mondavi also has joint ventures with Baroness Rothschilds, Marchesi de' Fresc...
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