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August 2005
Wine Business Stock News
It finally appears as if the fate of Allied Domecq is resolved. On July 4, 2005 Allied Domecq shareholders voted to accept the roughly $13 billion bid from French company Pernod Ricard. Pernod Ricard will now become the world's second-largest drinks company behind British behemoth Diageo. Upon completion of the deal, some Allied Domecq brands will be sold off to U.S.-based Fortune Brands at a price of $5.1 billion. Fortune Brands is poised to gain several spirits brands as well as a number of p...
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