Berentzen Shares Jump on Sazerac Takeover Talks
Shares in Berentzen surged after the German schnapps maker confirmed it is in buyout talks with US spirits giant Sazerac. The potential acquisition follows a series of recent international deals by Sazerac to expand its beverage portfolio.
BERENTZEN-GRUPPE AG shares jumped 22% to a 14-month high during Thursday morning trading after the Germany schnapps producer confirmed buyout talks with United States spirits giant Sazerac. The surge values the company at €35 million based on Wednesday's closing price. The potential deal follows Sazerac's aggressive expansion drive, including an unsolicited $15 billion bid for BROWN-FORMAN CORP-CLASS A earlier this year.
### Sazerac's Acquisition Spree Controlled by the Goldring family, Sazerac has grown into one of the world's largest spirits companies through a series of targeted brand acquisitions. Recent deals include the purchase of Svedka vodka from CONSTELLATION BRANDS INC-A and the UK-based Au Vodka brand for over £300 million.
