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COMMENT: Robert Mondavi keeping it in the family

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Family controlled winemaker Robert Mondavi this week received a US$1.3 billion unsolicited bid from winery giant Constellation Brands. The offer comes at a time when Mondavi is facing slowing sales and difficult restructuring plans and a buyout could potentially ease some of the winemaker's troubles. But opposition from family members may yet prevent the acquisition from taking place.


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