Constellation Brands has seemingly walked out on Canadian wine firm
Vincor after its takeover offer expired, but the fall-out is
unlikely to hamper drinks industry consolidation trends.
It may be the season of Thanksgiving in the US, but that hasn't
stopped wine firms Constellation and Vincor ripping more chunks out
of each other in their hostile takeover battle.
Constellation has begun a hostile takeover attempt for Canadian
wine firm Vincor, but its intended prey says it is looking for
other suitors that are willing to pay a 'fair' price.
Canadian wine group Vincor has rejected takeover advances from
fellow top-ten producer Constellation Brands, prompting a shouting
match between the two, yet the march of industry consolidation may
be hard to halt.
