USA: Authorities clear the path for JBB Absolut deal
By Chris Brook-Carter | 10 May 2001
The US authorities have cleared the way for the proposed joint venture between Jim Beam Brands (JBB) and owners of Absolut vodka Vin & Sprit (V&S) and the companies anticipate that joint distribution of their spirits and wine brands will begin in June. JBB has announced that the $645 million deal is expected to close within the quarter after the waiting period for the US Federal Trade Commission review the transaction expired.
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The US authorities have cleared the way for the proposed joint venture between Jim Beam Brands (JBB) and owners of Absolut vodka Vin & Sprit (V&S) and the companies anticipate that joint distribution of their spirits and wine brands will begin in June. JBB has announced that the $645 million deal is expected to close within the quarter after the waiting period for the US Federal Trade Commission review the transaction expired.
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