FTC Makes Second Request In Ketel One Merger

Law360, New York (March 26, 2008, 12:00 AM EDT) -- The U.S. Federal Trade Commission is taking a closer look into a top liquor company's $900 million plan to buy a 50% stake in Ketel One vodka, London-based Diageo Plc announced Wednesday.

In February, Diageo and Holland's Nolet Group, which currently makes and owns Ketel One, announced that they would form a special joint venture. Under the terms of the deal, the Nolet Group would retain the brand rights, while Diageo would become the exclusive distributor.

Upon announcing the deal on Feb. 5, the companies estimated...
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