Exhibit 4
Domaines Barons de Rothschild (Lafite) SCA
33, rue de la Baume
75008 Paris
France
June 30, 2004
Board of Directors
The Chalone Wine Group, Ltd.
621 Airpark Road
Napa, CA 94558
Gentlemen:
We are writing on behalf of ourselves (“DBR”), as well as Constellation Brands, Inc. (“CBI”) and Huneeus Vintners LLC (“HVI”, and together with ourselves and CBI, the “Partners”), in reference to the offer letter sent to you on May 17, 2004 (the “Offer Letter”) proposing a business combination transaction to The Chalone Wine Group, Ltd. (the “Company”).
The Offer Letter stated that the proposal would remain open for your consideration until June 30, 2004. We hereby extend the duration of the proposal until July 31, 2004. The remaining terms of the Offer Letter remain in full force and effect.
| Very truly yours, | ||
| DOMAINES BARONS DE ROTHSCHILD (LAFITE) SCA | ||
| By: |
/s/ Eric de Rothschild | |
| Eric de Rothschild, Managing Director | ||
| SO ACKNOWLEDGED: | ||
| CONSTELLATION BRANDS, INC. | ||
| By: |
/s/ Richard Sands | |
| Richard Sands, Chairman of the Board | ||
| and Chief Executive Officer | ||
| HUNEEUS VINTNERS LLC | ||
| By: |
/s/ Agustin Huneeus | |
| Agustin Huneeus, Manager | ||