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CPR Davide Campari

5.976
-0.114 (-1.87%)
Last Updated: 13:42:07
Delayed by 15 minutes
Share Name Share Symbol Market Type
Davide Campari BIT:CPR Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.114 -1.87% 5.976 6.018 5.976 6.052 5.956 6.012 2,247,562 13:42:07

Italy's Campari Agrees to Buy Maker of Grand Marnier

15/03/2016 9:20am

Dow Jones News


Davide Campari (BIT:CPR)
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MILAN—Italian spirit maker Davide Campari SpA has agreed to buy Socié té des Produits Marnier Lapostolle SA, the maker of the liqueur Grand Marnier, in a deal valuing the company at €684 million ($758.90 million).

Campari will get round 20% of Marnier's shares immediately and acquire a 28.8% stake held by the French company's controlling family shareholders from 2021.

It also plans to file a public tender offer on all outstanding Marnier's shares to take full control of the company.

Write to Giovanni Legorano at giovanni.legorano@wsj.com

 

(END) Dow Jones Newswires

March 15, 2016 05:05 ET (09:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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