USA: Seagram spirits receives at least two bids - sources
By Chris Brook-Carter | 12 December 2000
Two bids, at least, were submitted yesterday for the spirits and wine business of Seagram according to sources close to the deal, it was reported in today's Wall Street Journal. And yet despite the progress in the auction it appears that the bidding for the business is likely to be extended into another round. The delay in a final decision may complicate matters, because with Vivendi's purchase of the Seagram business complete the French company may take a more active role in proceedings.
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Two bids, at least, were submitted yesterday for the spirits and wine business of Seagram according to sources close to the deal, it was reported in today's Wall Street Journal. And yet despite the progress in the auction it appears that the bidding for the business is likely to be extended into another round. The delay in a final decision may complicate matters, because with Vivendi's purchase of the Seagram business complete the French company may take a more active role in proceedings.
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