UK: High Court confirms Allied capital reduction
Allied Domecq has said that its reduction of capital has been confirmed by the UK's High Court. The Scheme is expected to become effective today on registration of an office copy of the Court Order by the Registrar of Companies.
The listing of the Ordinary Shares of Allied Domecq on the Official List is expected to be cancelled, at Allied Domecq's request, with effect from the commencement of business on 27 July 2005.
The company's 'mix and match' facility, under which Allied Domecq shareholders can vary the proportions of cash and shares they receive as part of the takeover, closed on July 21.
Allied Domecq Shareholders holding 101,027,394m Allied Domecq Shares, representing approximately 9.13%. of the existing issued ordinary share capital of Allied Domecq, had elected to receive additional cash and Allied Domecq Shareholders holding 707,960,955m Allied Domecq Shares, representing approximately 63.95%. of the existing issued ordinary share capital of Allied Domecq, had elected to receive additional New Pernod Ricard Shares.
Accordingly, valid elections under the Mix and Match Election for additional New Pernod Ricard Shares have been scaled back pro rata but elections for additional cash will be satisfied in full.
"We have been informed by Pernod Ricard that the New Pernod Ricard Shares are expected to be issued on 26 July 2005 and admitted to trading by Euronext on 27 July 2005. Societe Generale will issue and post statements of entitlement to New Pernod Ricard Shares by 9 August 2005," Allied said.
It's been a quiet day on the Pernod/Allied Domecq front....
Conflicting reports circulated this weekend over whether Bacardi International is looking to form a counter-bid for Allied Domecq....
Todays press reports into Pernod and Fortune's hopes to buy Allied Domecq warn of possible conflicts and set a date for completion....
Allied Domecq has added a new flavour to its Malibu range. The company said yesterday that it would be launching Malibu Passion Fruit in the US from April 15....
Pernod Ricard and Fortune Brands are considering a US$13 billion bid for Allied Domecq, the world's second-largest spirits company. Were it to take place, Pernod and Fortune would split Allied's brand...
Pernod Ricard and Fortune Brands are hoping to buy Allied Domecq for around 670p per share, according to press reports....
LVMH has said it is not looking to buy Mumm Champagne from Allied Domecq....
The US consumer goods group Fortune Brands has confirmed it is in talks about launching a joint bid with Pernod Ricard for Allied Domecq....
- Interview - Pernod Ricard's luxury director
- Chile's winemakers caught out by Brexit "disease"
- What's coming up in wine in 2017? - Comment
- The just-drinks Analyst - 2017 forecasts
- What's coming up in beer in 2017? - Comment
- Diageo Australia names new commercial head
- Suntory sends staff to fat camp - report
- "Beer and weed are complements" - analyst
- Pernod Ricard's Absolut Lime - NPD
- Irish whisky exports forecast to double by 2020
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Darker Than Before: Global Prospects for Brown Spirits