Blog: Scotch those rumours
Chris Brook-Carter | 20 April 2005
I have just spent the last two days in Scotland with the Chivas Brothers team – Pernod’s Scotch whisky division – at the Keepers of the Quaich dinner. Though no-one was able to talk to me concerning the Allied deal, you sensed an air of optimism at the prospect of another huge leap forward for Pernod.
The deal has had its doubters ever since talks were announced. Indeed, even now, as things seemingly come towards a close, some analysts are sceptical we will see it wrapped up this quickly. “Any bid for Allied Domecq from Pernod/Fortune is unlikely to emerge for at least two months,” one banking source was quoted saying yesterday.
However, I still believe that, given Pernod’s track record in all things merger-orientated, those on the sidelines shouldn’t be surprised if Allied’s AGM on Thursday marks the unveiling of a formal bid.
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