Britannic Asset Management, which owns 4% of Burn Stewart, has asked the Burn Stewart board to explain why the negotiations, which began earlier this year, have dragged on for so long.
UK: Burn Stewart challenged over takeover delay
A major shareholder in UK spirits group, Burn Stewart Distillers, has challenged the company's management over the delays in the proposed takeover of the company by the Caribbean company, CL Financial, which owns the Angostura drinks business.