Summary
PERNOD effectively won the Pounds 7.75 billion battle for Allied Domecq today after US drinks giant Constellation Brands declared itself a non-runner in the bidding race, saying the British company does not represent good value.
News that the last viable rival suitor was walking away sent Allied shares down 10p to 682p. Pernod shares rose e5.5 to e138.See the full content of this document
Extract
Constellation Drops Domecq Bid Plan
"Careful consideration and evaluation of the details...
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