Alert: Casella to Acquire Peter Lehmann Wines for $50 Million

Australia's Casella Family Brands has offered to acquired Peter Lehmann Wines (PLW) for nearly $50 million ($1.31 per share) from Hess Family Wine Estates and substantial shareholder Margaret Lehman.CFB Managing Director John Casella says the proposed acquisition plays an "integral part" in building a portfolio of quality brands at a range of price points. "We have a clearly defined strategy to extend our Casella brand portfolio to include an incredible range of premium wines that highlight the enormous diversity of