VINCOR SHAREHOLDERS PUSHING FOR MORE.

Canadian winemaker Vincor International refused U.S. Constellation’s latest takeover bid of $33 per share on December 1 but a deal will likely formulate soon. Although Constellation’s spokesman, Mike Martin, said the U.S. company has not proposed “any number at any time in terms of an offer about C$35,” many analysts believe they are willing to pay as much as C$36 a share. Mark Hilson, chairman of Vincor’s special committee of independent directors, said “we would welcome an offer from Constellation that fairly and fully values Vincor.”