UK: Constellation Vincor buy gets UK okay
The Office of Fair Trading has deemed acceptable Constellation's purchase of Vincor.
The body said yesterday (14 June): "It has decided, on the information currently available to it, not to refer the acquisition … to the Competition Commission under the provisions of the Enterprise Act 2002."
Earlier this month, Constellation completed the acquisition of the Canada-based company, a transaction which cost Constellation C$1.227bn (US$1.1bn) or C$36.50 per common share. Including debt of C$344m, the total price equated to C$1.58bn.
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