News

UK: Diageo/Pernod Close to Deal but Captain Morgan may Provide Final Twist

Most popular

Why water has become more important than wine

just-drinks speaks to A-B InBev CEO Carlos Brito

Stoli Group’s AC/DC Thunderstruck Tequila- Comment

As Irish whiskey comes of age, so do its problems

MORE

Seagram has asked for the "best and final bids" today as the race for its drinks business enters its final stages. And as the most compelling auction in the history of the industry draws to an end, there could be one final twist. The Diageo/Pernod Ricard bid remains the front-runner to succeed with an offer understood to be close to $8.2bn. Sources have reported that Diageo and Pernod representatives have been locked in negotiations with Seagram's bankers Morgan, Stanley Dean Witter over the weekend. It has even been suggested that a deal may be reached by today.


Related Content

Diageo investment paying off as Captain Morgan prospects brighten - survey

Diageo investment paying off as Captain Morgan prospects brighten - survey...

Why big spirits firms are willing to pay for potential - Comment

Why big spirits firms are willing to pay for potential - Comment ...

"To say that we're thrilled is an understatement" - Diageo's head of whisky outreach, Nick Morgan...

Captain Morgan distillation trial provokes US Virgin Islands review for Diageo

Captain Morgan distillation trial provokes US Virgin Islands review for Diageo...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?