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USA: Ravenswood shareholders approve Constellation deal

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Ravenswood Winery shareholders have this week voted in favour of a planned merger with a wholly-owned subsidiary of Constellation Brands Inc.

Under the terms of the deal, which is expected to close 2nd July, Constellation will pay US$29.50 in cash for each outstanding share of Ravenswood.

The majority of wines produced and sold by Ravenswood are red wines including Merlot, Cabernet Sauvignon and Zinfandel.

No other financial details were disclosed.


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