Press release article from our research archive:

PERNOD RICARD TO ACQUIRE SEAGRAM SPIRITS & WINE JOINTLY WITH DIAGEO.

PR Newswire, London, December 20. This press release is transmitted on behalf of Pernod Ricard.

Paris -

2000 Pernod Ricard announces that it has, jointly with Diageo, signed an agreement to purchase the Seagram Spirits and Wine business from Vivendi Universal for US$ 8.15 billion dollars in cash, on a debt free basis. Pernod Ricard will contribute approximately US$ 3.15 billion dollars (Euro 3.7 billion) or 38.6 of the total purchase price.

Pernod Ricard and Diageo will split the Seagram business based on the Framework Agreement signed between the two companies as previously announced.

The joint acquisition is subject to the consent of the relevant ...

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