Campari to buy Grand Marnier, Gruppo Campari said on Tuesday that it had agreed to buy the French maker of the liqueur Grand Marnier in a accord that ethics the aggregation at 684 actor euros, or about $761 million.
Under the deal, Campari, an Italian alcohol maker, would initially access about 20 percent of the shares of Société des Produits Marnier Lapostolle, the maker of Grand Marnier, from the ancestors that controls the company. Campari would again access the butt of the family’s backing by 2021. That would accord Campari a 28.8 percent stake.
Campari said it would aswell attending to access the actual shares of the aggregation in a breakable offer, in which it would pay €8,050 a allotment in cash. That would be a 60 percent exceptional to Société des Produits Marnier Lapostolle’s closing amount on Friday.
“This accretion represents a absolute fit with our alien advance action in acceding of cast profile, administration and banking framework,” Bob Kunze-Concewitz, the Campari arch executive, said in a account release.
“With Grand Marnier,” he added, “we added consolidate our position as the arch purveyor of exceptional liqueurs and absinthian specialties worldwide.”
Trading in shares of Société des Produits Marnier Lapostolle was apoplectic on Tuesday morning, while shares of Campari rose 1.7 percent.
Campari said it would seek to delist Société des Produits Marnier Lapostolle if it acquired a pale of added than 95 percent.
As allotment of the transaction, Campari has entered into an absolute acceding to act as the common benefactor for Grand Marnier products.
Société des Produits Marnier Lapostolle was founded in 1827 and has produced its signature product, Grand Marnier, a alloy of cognac and aspect of absinthian orange, back 1880. The aggregation acquaint acquirement of €151.7 actor in 2015.
Under the deal, Campari, an Italian alcohol maker, would initially access about 20 percent of the shares of Société des Produits Marnier Lapostolle, the maker of Grand Marnier, from the ancestors that controls the company. Campari would again access the butt of the family’s backing by 2021. That would accord Campari a 28.8 percent stake.
Campari said it would aswell attending to access the actual shares of the aggregation in a breakable offer, in which it would pay €8,050 a allotment in cash. That would be a 60 percent exceptional to Société des Produits Marnier Lapostolle’s closing amount on Friday.
“This accretion represents a absolute fit with our alien advance action in acceding of cast profile, administration and banking framework,” Bob Kunze-Concewitz, the Campari arch executive, said in a account release.
“With Grand Marnier,” he added, “we added consolidate our position as the arch purveyor of exceptional liqueurs and absinthian specialties worldwide.”
Trading in shares of Société des Produits Marnier Lapostolle was apoplectic on Tuesday morning, while shares of Campari rose 1.7 percent.
Campari said it would seek to delist Société des Produits Marnier Lapostolle if it acquired a pale of added than 95 percent.
As allotment of the transaction, Campari has entered into an absolute acceding to act as the common benefactor for Grand Marnier products.
Société des Produits Marnier Lapostolle was founded in 1827 and has produced its signature product, Grand Marnier, a alloy of cognac and aspect of absinthian orange, back 1880. The aggregation acquaint acquirement of €151.7 actor in 2015.
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