Diageo ready for Seagram deal

1-Feb-2002

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INTERNATIONAL. Diageo has cleared the way for final approval of its $8.15bn acquisition of Seagram drinks portfolio by selling its Malibu brand to Allied Domecq.

Allied Domecq will pay £560m

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(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.
(13-Mar-2002) - Allied Domecq?s purchase of coconut rum Malibu from Diageo will end the long-standing legal dispute over Captain Morgan, the rum brand both companies claimed to own.