Sazerac Bids 5.55 Euros Per Share for Berentzen
US spirits maker Sazerac has launched a takeover offer for German beverage firm Berentzen at 5.55 euros per share. The supported acquisition will result in Berentzen being delisted from the stock exchange. The deal is expected to close in the fourth quarter.
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United States spirits maker Sazerac launched a takeover offer for Germany beverage firm BERENTZEN-GRUPPE AG on Monday morning, valuing the company at €5.55 ($6.37) per share. The bid represents a 22.5% premium over Berentzen's closing price of €4.53 on Friday afternoon. The transaction aims to expand Sazerac's footprint in Europe through the acquisition of the historic schnapps maker.
