Spain’s Codorniu Rebuffs Carlyle Group’s Takeover Bid

Yesterday, Barcelona-based cava producer Codorniu turned down a takeover bid from US private equity firm the Carlyle Group, per a Codorniu spokesperson, reports Reuters. But the company is still interested in gaining an investor partner.Some of the current Codorniu shareholders are looking for an out, according to a company spokesperson. Though she couldn't share how many of the current 216 shareholders plan to sell or how many shares would be up for grabs. Even though the company rejected Carlyle's offer