Allied Domecq deal gets regulatory backing

Drinks giant Allied Domecq was today closer to being swallowed by rival Pernod Ricard after regulators in the United States gave the deal the green light.

Allied Domecq deal gets regulatory backing
Fri, 01 Jul, 2005 - 09:54

Drinks giant Allied Domecq was today closer to being swallowed by rival Pernod Ricard after regulators in the United States gave the deal the green light.

Pernod needed approval of the US Federal Trade Commission and the Department of Justice for its £7.4bn (€10.9bn) takeover offer because it will carve up Allied’s drinks portfolio with American partner Fortune Brands.

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CourtsBusinessHeathrowPlace: United StatesPlace: USPerson: Jim Beam bourbonPerson: Patrick RicardOrganisation: Allied DomecqOrganisation: Pernod RicardOrganisation: PernodOrganisation: US Federal Trade CommissionOrganisation: Department of JusticeOrganisation: AlliedOrganisation: Fortune BrandsOrganisation: FortuneOrganisation: CourvoiserOrganisation: Teacher’sOrganisation: LaphroaigOrganisation: Federal Trade CommissionOrganisation: Canadian ClubOrganisation: Maker’s MarkOrganisation: European CommissionOrganisation: Constellation Brands
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