Golden State Vintners Receives Offers
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Golden State Vintners Inc., which supplies wine and grapes to California wineries, said Tuesday it has received two takeover offers, including one from its chief executive.
The board is evaluating the offer from CEO Jeffrey B. O’Neill, Golden State Vintners said in a statement.
A company spokesman declined to name the second potential buyer.
Golden State, based in Napa, Calif., said in September it planned to become a private company after a 1-for-5,900 reverse stock split. The company backed down from the plan before shareholders had a chance to vote.
Shares of Golden State rose 15 cents to $4.90 on Nasdaq.
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