Mondavi Corp saga appears to be coming to an end

Today Constellation and RMW Corp announced a definitive merger agreement, with a cash price of $56.50 for Class A (ordinary) shares, a premium over the initial offer.

Constellation says they'll keep the RMW portfolio intact and Robert Mondavi has agreed to remain with the company.

Somehow I suspect this is the best outcome. What I don't yet know is how this is going to impact the staff reductions that were already in place.

Dana

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Dana H. Myers
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