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The announcement that Diageo and Pernod Ricard are to make a joint bid for Seagram's wines and spirits division, has installed the Franco/Anglo consortium as favourites to snap up the Canadian drinks concern…but only just. One analyst told just-drinks.com: "It is a no lose situation for Diageo. The Diageo/Pernod consortium is favourite because they have capital and they have got round the regulatory problems."


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