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UK: Burn Stewart takeover still on despite rumours

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The acquisition of Burn Stewart Distillers by its largest shareholder, Angostura, is still on, sources have said, in spite of speculation that the deal had foundered. A 20% slide in the company's share price over the last week had only fuelled speculation that the deal had hit the buffers.

According to press reports, sources close to Burn Stewart have said that the negotiations with Angostura, the Trinidad-based drinks company owned by the CL Financial group, which already owns 28% of Burn Stewart, are still going ahead.


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