AED Gets Preliminary Approach from STZ Led Consortium
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Allied Domecq plc (NYSE: AED) said it received a preliminary approach from a consortium led by Constellation Brands Inc. (NYSE: STZ) about a potential offer for the company. The consortium consists of Constellation Brands Inc., Brown Forman Corporation (NYSE: BF.b), Lion Capital (formerly Hicks Muse Europe) and Blackstone. At this stage it is too early to ascertain whether this preliminary approach will lead to an offer for Allied Domecq. A further announcement will be made in due course.
NOTE - AED recently agreed to a merger deal with Pernod Ricard SA of France and Fortune Brands Inc. (NYSE: FO)
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