Brown-Forman (NYSE:BF.A) and Constellation Brands (NYSE:STZ) are reportedly about to sell their wine businesses. The Wall Street Journal is reporting that Brown-Forman has hired Rothschild to sell its wine business, which includes Fetzer and Bonterra Vineyard. The Journal reports the deal could total a few hundred million dollars, and could come from either a private equity or a strategic buyer.
Meantime, Constellation Brands is about to sell most of its non-U.S. wine portfolio, to an unnamed buyer, the Journal said. A $300-$400 million deal could be announced as soon as this week. Constellation’s non-U.S. brands include Ruffino and Kim Crawford.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 9.5%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 9.5%.