NewsMV
Takeover speculation has moved into Berentzen, the German spirits and soft-drinks group, after it confirmed discussions with Sazerac, the privately owned U.S.
spirits company behind Southern Comfort and Fireball, over a possible public offer for all outstanding shares. Berentzen shares climbed around 22%, reaching a 14-month high.
No formal bid, indicative price, or timetable has been announced, making a definitive offer the next development to watch.
The numbers behind a compressed setup Based on the previous session's close, Berentzen carried a market capitalization of roughly €35 million (about $41 million), modest by the standards of a group that recently purchased British spirits producer Au Vodka.
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