PARIS: French spirits group Pernod Ricard launched an agreed £7.4bil bid for British rival Allied Domecq yesterday in a deal that closes the gap with industry leader Diageo.
Pernod said the offer valued each Allied share at 670p. Pernod said it was offering 545p in cash and 0.0158 of a new Pernod share for every share of Allied, the maker of brands such as Ballantine's whisky and Beefeater gin.
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