Altria Expected to Sell Wine Biz

This really shouldn’t come as a big surprise since Altria deals exclusively with tobacco products. However, in an article in Reuters, several analysts said they expect Altria to sell UST’s Ste. Michelle Wine Estates once it closes the $10.4 billion acquisition. One analyst predicted that Ste. Michelle could sell for as much as $800 million. Constellation was named as the most obvious bidder, which sent its stock rising this morning after an analyst at Morningstar said STZ would make the