Neil Averitt commentary: Gallo Wine and the limits of deal structuring

Washington, D.C. (June 22, 2021) -- The nation’s largest wine producers are shuffling their portfolios, concentrating their labels in one or another segment of the market. Take E. & J. Gallo, which just closed its $1 billion acquisition of mostly lower-cost wines from Constellation Brands. The deal, with the Federal Trade Commission’s help, was substantially modified.  ...

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