Italy's Campari Agrees to Buy Maker of Grand Marnier
March 15 2016 - 5:20AM
Dow Jones News
MILAN—Italian spirit maker Davide Campari SpA has agreed to buy
Socié té des Produits Marnier Lapostolle SA, the maker of the
liqueur Grand Marnier, in a deal valuing the company at €684
million ($758.90 million).
Campari will get round 20% of Marnier's shares immediately and
acquire a 28.8% stake held by the French company's controlling
family shareholders from 2021.
It also plans to file a public tender offer on all outstanding
Marnier's shares to take full control of the company.
Write to Giovanni Legorano at giovanni.legorano@wsj.com
(END) Dow Jones Newswires
March 15, 2016 05:05 ET (09:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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