FRANCE: Pernod in bid for Taittinger - report
Pernod Ricard is considering making an offer for the Champagne business of Taittinger, according to press reports.
According to a report in the Financial Times today (21 July), Pernod is thought to be interested in Taittinger's Champagne business only and not its hotel holdings. The French drinks company may collaborate with a private equity group in the deal, the report added.
Les Echos, meanwhile, said today that the Taittinger family is currently favouring offers from investment group, Starwood Capital, and a rival consortium of Wendel Investissement and the Carlyle Group. Offers from some six bidders are thought to have been initially received for the company.
As Pernod Ricard, Allied Domecq and Fortune Brands close in on the biggest drinks industry deal since the sale of Seagram, opinion about how the deal will be structured and who stands to win and lose ...
Maxxium Worldwide could come under pressure if Pernod and Fortune's Allied Domecq bid is successful, according to press reports today (14 April)....
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....
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....
The US consumer goods group Fortune Brands has confirmed it is in talks about launching a joint bid with Pernod Ricard for Allied Domecq....
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