Vincor in Talks With Firms to Top Hostile Bid
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From Bloomberg News
Vincor International Inc., Canada’s biggest winemaker, is talking to at least five potential bidders that may top a $900-million hostile takeover offer by Constellation Brands Inc., Vincor Chief Executive Donald Triggs said.
He declined to name any of the potential bidders.
Vincor is trying to find someone to top an offer made Oct. 20 by Fairport, N.Y.-based Constellation. Vincor recommended that shareholders reject that offer.
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