Allied/Seagram merger: The bell tolls for Philip Bowman
By Elliot Lane | 12 July 2000
Philip Bowman's hour has come but the glory of the long-awaited Allied/Seagram merger may take longer than investors hoped, according to a recent Deutsche Bank report. Of all the major drinks players, structurally and strategically, Allied Domecq is the perfect partner for Seagram's spirits and wine division. Allied's only obstacle, however, could be convincing the City that the sins of the past are truly behind it.
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Philip Bowman's hour has come but the glory of the long-awaited Allied/Seagram merger may take longer than investors hoped, according to a recent Deutsche Bank report. Of all the major drinks players, structurally and strategically, Allied Domecq is the perfect partner for Seagram's spirits and wine division. Allied's only obstacle, however, could be convincing the City that the sins of the past are truly behind it.
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