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Grapevine
Issue: October 31, 2001
After a nine-month struggle with a competing bidder for Montana Wines, British wine and spirits giant Allied Domecq won control of New Zealand's largest wine producer. Deciding the stock price had become too high and tired of legal wranglings over alleged violations of stock exchange rules, Australian brewer Lion Nathan sold its remaining 43 percent stake in Montana to Allied Domecq for roughly $194 million.
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