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Stock impact report

Brown-Forman talks “ongoing”, Pernod Ricard says [Yahoo! Finance]

Diageo plc (DEO) 
US:NYSE Investor Relations: diageo.com/en/investors
Company Research Source: Yahoo! Finance
Three weeks ago, the distillers announced they were in talks over a deal to form a “partnership akin to a merger of equals”. Since then, reports have emerged Sazerac has approached Brown-Forman about a possible transaction between the two US spirits groups. Speaking to analysts today (16 April) after Pernod published its third-quarter sales figures, CFO Hélène de Tissot made a brief statement on the status of the company's talks with Brown-Forman. “Before I begin discussion on our Q3 sales results, I thought I would say a word regarding our press release of 27 March in which we confirm discussions are taking place regarding the potential business combination with Brown-Forman. As stated, we did not intend to communicate further until either an agreement is reached or discussions are terminated. Discussions are ongoing, so at this stage, I have no further comment to make,” de Tissot said. In Pernod's statement last month, the Jameson whiskey maker said the “contemplated combin Show less Read more
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