US spirits maker Sazerac launches takeover bid for Germany's Berentzen

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September 21, 2026 1:54 AM EDT

FILE PHOTO: Sazerac logo is seen in this illustration taken April 22, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

Sept 21 (Reuters) - ‌US ​spirits ​maker Sazerac on Monday launched ‌a takeover offer for all ⁠shares of beverage ‌firm Berentzen for €5.55 ($6.37) apiece, ‌which is supported by Berentzen's supervisory and ​executive boards.

The German schnapps maker confirmed talks over ⁠a potential takeover by privately ​held Sazerac on Thursday. The Louisville, Kentucky-based company has been ​focused on ‌buying young brands and underperforming labels ⁠from large conglomerates to expand beyond its ⁠domestic market.

On Friday, Berentzen closed at €4.53 per ​share. The company is to be delisted following the acquisition, ‌which Sazerac expects to close during ‌the fourth quarter.

($1 = ⁠0.8715 euros)

(Reporting ‌by Tristan ​Veyet in Gdansk, editing by Milla ‌Nissi-Prussak)


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