China: Diageo gets green light to acquire ShuiJingFang
China: Diageo has been given the go-ahead to make an offer for the remaining shares of ShuiJingFang. The maximum offer stands at GBP630m.
Russian Standard proposes alliance with CEDC
Russian Standard Corporation has proposed the additional acquisition of nearly 20% of Central European Distribution Corporation’s (CEDC) shares as part of a "strategic alliance".
SABMiller to make Foster's takeover offer
SABMiller has proposed to make a conditional, off-market, cash takeover offer for all of the issued shares in Foster’s Group.
Brown-Forman in $250m share repurchase
Brown-Forman has announced that its board of directors has authorised the repurchase of up to $250 million of its outstanding Class A and Class B common shares until November 30, 2011, subject to market and other conditions.
Foster’s to demerge Treasury Wine Estates
Foster’s Group has announced a proposal to demerge Treasury Wine Estates at a cost of AU$151m.
CEDC to purchase Kauffman vodka
Central European Distribution Corporation (CEDC) is to purchase the global rights for Kauffman vodka.
Pernod sells shares in Ambrosio Velasco
Pernod Ricard has sold its shares in Ambrosio Velasco to Diego Zamora for €33.1 million (excluding debt).
Comment
It’s ‘up periscope’ for Irish distilleries
I know how wierd this might seem but I often think that the opening of a new distillery is like the launch of a new submarine. It is unveiled in all its pristine glory in a blaze of publicity and fanfare.
