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News posted on Tuesday, 21 June 2005
Independent valuation of Oyster Bay below bid price
An independent valuer has valued Oyster Bay Marlborough Vineyards at between $2.39 and $3.15 per share, against Delegat's Wine Estates' $3.20 partial bid offer price.
New Oyster Bay investors to lose entitlements - Delegat's
Oyster Bay Marlborough Vineyards shareholders who agree to Delegat's Wine Estates offer will lose the rights to buy discounted wine on the shares they sell. Delegat's Wine Estates yesterday modified the conditions of its $5.12 million partial takeover bid for Oyster Bay Marlborough Vineyards after taking a steer from the Takeovers Panel.
Pernod Ricard to win EU OK on Allied Domecq
French beverage giant Pernod Ricard (PERP.PA: Quote, Profile, Research) is expected to win approval from the European Commission for its 7.6 billion pound acquisition of Allied Domecq (ALLD.L: Quote, Profile, Research), a source familiar with the situation said on Monday.
US: A tiny ray of hope in fight against sharpshooter
When the glassy-winged sharpshooter first rocked California's wine industry in the late 1990's, state agricultural officials sent a taxonomist to scour the earth looking for its natural enemies. Now, they've pinned high hopes on the latest discovery, a microscopic, parasitic wasp from Minnesota.
Physicists measure radioactivity in wine
Physicists at Bordeaux University have developed a method of dating wine by measuring its radioactivity, according to a report in decanter.com. Philippe Hubert and his team used the same principle as carbon dating to calculate the age of wine by measuring its caesium-137 levels - the amount of radioactive material it contains.