1Place beets in lg pot w/ enough water to cover them. Cover, bring to a boil. Reduce heat and simmer until tender, about 40 mins.
2Drain and let cool. Remove skins from beets and cut into wedges. In saucepan, combine remaining ingredients. Bring to a boil. Reduce heat and simmer until thickened, stirring often. Add beets, toss. Serve.