Tuesday, September 14, 2004

The Chalone Buyout Finally Gets Interesting

Although it has been the least interesting buyout to date, Chalone has been granted yet another extension of the buyout offer from Constellation, Huneeus, and Domaines Barons de Rothchild:


Where it gets interesting is that rumor has it that Sam Bronfman is putting together a rival bid. Who's Sam Bronfman? Google him for more information, but briefly, his family got its start bootlegging in the 1920's and eventually "went legit" and formed Seagram's, once the world's largest distilled spirits company with extensive wine interests based in Napa (not to mention their huge music business). The wine and spirits businesses were sold off to Diageo and Pernod Ricard in 2001. The Bronfman's have also become easy targets for cheap shots because of their Jewish heritage, background as rumrunners, involvement with alcohol, opposition to downloading music, etc. Also, like a grown Lindbergh baby, Sam was involved in a mysterious kidnapping in the 1970's. All told, this could become very interesting......


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