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US: Chalone hit by subpoena

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Chalone Wine Group Ltd. and some of its representatives have received a subpoena in connection with a lawsuit filed against the company.

According to an amended Scheduled 13D filed with the Securities and Exchange Commission yesterday, the lawsuit titled Weidamann v. The Chalone Wine Group, was filed on 18 May in Napa County, California.

No further details of the lawsuit were provided in the filing.
 
Last week Chalone announced that it had entered into confidentiality and standstill agreements with each of Domaines Barons de Rothschild (DBR), Huneeus Vintners and Constellation Brands, three vintners who have entered into a joint venture to try and buy Chalone. The agreements relate to DBR's proposed acquisition of all of Chalone's outstanding publicly held shares of common stock at US$9.25 per share in cash.


Sectors: Wine

Companies: Constellation Brands

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