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UK: CL takeover of Burn Stewart imminent

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The protracted takeover of Scotch whisky distiller, Burn Stewart, by the Caribbean group, CL Financial, is expected to be completed today after months of negotiations, according to reports.

Trinidad-based CL Financial, which owns the Angostura Bitters brand and a number of rum brands, already owns 28% of Burn Stewart and is understood to be paying between 65 pence and 75 pence for the company.

A 65 pence per share price tag, thought by observers to be the most likely selling price, values Burn Stewart at around £42m.


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