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Jun 2005 Issue of Wine Business Monthly
The complicated takeover of Allied Domecq may soon be completed—barring, of course, any additional competitive bids from Constellation and others. As of press time, French-based Pernod Ricard announced a $14.2 billion agreement to purchase Allied Domecq, making the company the second largest drinks company in the world behind Diageo. Upon completion of the deal, Pernod would sell some Allied brands to U.S. company Fortune Brands, who provided about $5.4 billion of the total cash outlay for the...
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