ADVISORY/Diageo plc and Pernod Ricard SA to Acquire Seagram Spirits and Wine Business.Business Editors, Consumer Editors ADVISORY...for Wednesday Wednesday: see week. NOTE TO EDITORS: MULTIMEDIA ASSETS AVAILABLE WITH THIS STORY INCLUDE Video, Corporate Logo, Text --(BUSINESS WIRE) Diageo Diageo plc (LSE: DGE, NYSE: DEO) is the largest multinational beer, wine and spirits company in the world. The company was formed in 1997 from the merger of Guinness plc and Grand Metropolitan plc and is listed on the London, New York and Irish stock exchanges. plc and Pernod Ricard Pernod Ricard (Euronext: RI) is a French company producing alcoholic beverages. Their most famous product, Pernod Anise (40% alcoholic volume) and Ricard Pastis, are both pastis, and often referred to as simply Ricard or Pernod. SA today confirm that they have signed an agreement to acquire the spirits and wine business of The Seagram Company Ltd., for US$8.15 billion ((pound)5.5 billion) in cash on a debt free basis. The purchase consideration will be funded by Diageo and Pernod Ricard as to $5.0 billion by Diageo and as to $3.15 billion by Pernod Ricard. The agreement is principally conditional on clearance by the anti-trust regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . You can reach the story directly by going to http://www.newstream.com/cgi-bin/display_story.cgi?1644 This multimedia news story is for free and unrestricted use on your news or information site (and for print or broadcast too). Visit http://www.newstream.com to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. video, audio, text, graphics, and photos. If you have any questions about the story, or about Newstream.com, please write to us at info@newstream.com. |
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