AUSTRALIA: IWIF expects positive vote
Australia's cashed-up and listed International Wine Investment Fund says it expects unitholders to vote for it to continue operations at a meeting later this month.
Chris Day, chief executive of Berren Asset Management, which runs the Fund said he expected more than 50% of unitholders to vote for continuation and much less than 50% to vote for winding it up.
IWIF was the major shareholder in BRL Hardy with 18.3 million shares. Following BRL Hardy's takeover by Constellation Brands, IWIF has assets of A$288m (US$192.7m) including A$143m in cash, A$80m in Constellation scrip and A$92m in wine businesses in Australia, Europe and the US.
Companies: Constellation Brands
A consortium led by Constellation Brands has made a tentative approach for Allied Domecq....
The Board of Directors of Constellation Brands, Inc. has declared a quarterly dividend on the company's 5.75% Series A Mandatory Convertible Preferred Stock, payable on 1 June, to shareholders of reco...
Constellation is expected to launch a counter-bid for Allied Domecq by the end of this month, according to press reports....
The Hardy Wine Company has posted a record grape harvest....
Constellation Brands is to launch a new Australian wine brand onto the US market through its North Lake Wines. The wine will be called Kelly's Revenge....
A host of drinks companies spent the weekend mulling over whether to launch counter-bids for Allied Domecq, according to press reports over the last few days....
This weekend's press reports have thrown up two other interested parties in the potential Allied Domecq carve-up....
Constellation Brands is interested in some of Allied Domecq's spirits brands, according to reports today (15 April)....
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