Green light for Pernod

1-Jul-2005

The European Commission has given Pernod Ricard clearance to go ahead with its £7.5bn ($13.7bn) acquisition of Allied Domecq, in partnership with Jim Beam owner Fortune Brands

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Although the acquisition is yet to be approved by anti-trust authorities in the US and Canada, the French drinks group looks almost certain to become the second biggest liquor supplier

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(24-Jun-2005) - The French company, in partnership with Fortune Brands, now looks certain to acquire its UK rival
(1-Jul-2005) - Pernod Ricard has moved a further step nearer the acquisition of Allied Domecq as shareholders approve an increase in share capital and US anti-trust authorities give clearance for the bid
(18-Jul-2005) - The Canadian Competition Bureau approves the takeover deal tabled by Pernod Ricard and Fortune Brands, removing the final obstacle to completion
(4-Oct-2005) - The joint buyer of Allied Domecq receives clearance to acquire the highly-rated bourbon brand