Thursday, August 24, 2006

Legacy Winery On The Auction Block!

LegacyLogo-w.jpgAt least 3 groups expected to bid on assets in bankruptcy court; judge seeks to raise $90 million...

The fate of three premium California wineries could be determined today in a Santa Rosa bankruptcy court as The Legacy Estate Group's assets are slated to be auctioned off to the highest bidder.

At least three well-respected winery groups have stepped forward to bid in the auction. FAB Acquisition Co., an investment group led by the family that owns Quintessa winery in Napa, last month made an initial $90 million bid for the company.

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