Add to Favorite
Magazine 
Magazine
Diageo-Pernod bid faces oppositionDiageo-Pernod bid faces opposition
24-Oct-2001
?
According to reports on the CBS Marketwatch website US
anti-trust regulators are being urged to block the $8 billion joint
bid by Diageo and Pernod-Ricard for spirits giant Seagram, a
published report said this week.
Lawyers for the Federal Trade Commission (FTC) will recommend that
the five-member panel block the pending offer by Diageo, the
world's biggest distiller, and Pernod-Ricard, the number 5 company,
Bloomberg News reported.
The FTC, which may vote on the matter as soon as this week, is
taking particular issue with the increased consolidation in the US
rum market, the report said. Diageo, which sells Malibu, would
acquire Captain Morgan rum under the deal.
Bookmark This Article
•
•
•
•
Delicious
Digg
StumbleUpon
FacebookYour Comments On This Article
Related Stories
Articles bearing the symbol 
require subscription.
(20-Oct-2005) - Diageo declines to buy the New Zealand wine operation
(1-May-2002) - Contrary to its initial decision made after jointly buying Seagram?s liquor brands with Diageo, Pernod Ricard is to acquire the Scotch whisky brand Passport.
(13-Aug-2002) - Pernod Ricard has confirmed that together with Diageo, it has reached agreement with Vivendi Universal on the purchase price adjustment relating to the Seagram drinks purchase
(22-May-2001) -
(8-Nov-2001) - The drawn-out sale of Seagram?s drinks business to Diageo and Pernod Ricard has been further delayed after the US Federal Trade Commission (FTC) vetoed the deal.