Regulators OK $9B Liquor Deal With Caveats

Law360, New York (July 18, 2008, 12:00 AM EDT) -- Both the U.S. Federal Trade Commission and European Commission have given the go-ahead to France-based Pernod Ricard's $9 billion proposal to buy Swedish spirits company V&S Vin & Spirit, but have made the approval contingent on the companies' sale of certain units.

The FTC said Thursday that it was requiring Pernod Ricard to end its distribution agreement with the owners of Stolichnaya, Spirits International BV within six months of acquiring V&S, which produces Absolut.

The commission said it viewed the transaction, as proposed, as being in...
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