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Golden State, which is based in Napa Valley, said last month it was considering two takeover offers.
Two takeover developments and renewed trouble in Greece have combined to send shares lower for the third day running.
Golden State Vintners, Napa, Calif., said it had received two takeover offers, including one from its chief executive.
Sir Martin presented Cordiant executives and its bank lenders with two takeover options yesterday, people involved in the discussions said.
Shares in outsourcing group Mouchel have slumped by a third after it rejected two takeover offers and reported disappointing results.
The company rejected two takeover approaches from its largest shareholder, Bahamas based currency trader billionaire Joe Lewis, last year.
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The government encouraged and helped arrange the two takeovers.
Kohlberg Kravis, which is based in New York, has invested about $8 billion in Europe since December, including two takeovers in Germany.
Regulators haven't pointed at concerns about credit default swaps, as these insurance contracts are called, as reasons for the two takeovers.
Some of this reach came through its two takeovers last year, but a substantial part was generated by Mr. Stanton's acquisition of licenses since 1995.
It is one of the relatively few Indian consumer-goods firms that have expanded outside India.After two takeovers of foreign firms, a quarter of its sales are abroad, chiefly in the Middle East and Africa.
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