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AVG Australian Vintage Ltd

0.34
-0.01 (-2.86%)
09 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Australian Vintage Ltd ASX:AVG Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -2.86% 0.34 0.335 0.34 0.35 0.335 0.35 599,623 07:10:10

Australian Vintage, Constellation Apply For Informal Clearance With ACCC

14/12/2009 2:31am

Dow Jones News


Australian Vintage (ASX:AVG)
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From May 2019 to May 2024

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Australian Vintage Ltd. (AVG.AU) said Monday that it and Constellation Brands (STZ) have lodged a submission with the Australian Competition & Consumer Commission for informal merger clearance.

The submission was made ahead of any binding agreement between the two parties, but done so the ACCC would have sufficient time to consider the competition issues.

Australian Vintage said in late November that talks with wine-industry giant Constellation Brands about a potential merger of their Australian and U.K. operations were focused on Australian Vintage taking a controlling stake in the combined business.

Australian Vintage said talks remain ongoing and still may not lead to a transaction.

-By Cynthia Koons, Dow Jones Newswires; 61-2-8272-4691; cynthia.koons@dowjones.com

 
 

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