Pernod Ricard to Acquire Castle Brands for $223 Million
CASTLE BRANDS (ROX)
NASDAQ:AMEX Investor Relations:
investor.castlebrandsinc.com
Company Research
Source: Business Wire
Castle Brands Shareholders to Receive $1.27 Per Share in Cash, Representing 92% Premium to Castle Brands Share Price and 109% Premium to 30-Day Volume Weighted Average Share Price PARIS & NEW YORK--(BUSINESS WIRE)--Pernod Ricard (Euronext Ticker RI; ISIN Code: FR0000120693) and Castle Brands Inc. (NYSE American: ROX), today announced that they have entered into a definitive agreement under which Pernod Ricard, through a subsidiary, will acquire all of the outstanding common stock of Castle Brands for $1.27 per share in cash, or approximately $223 million, plus the assumption of debt, through a cash tender offer followed by a merger.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190828005771/en/Under the terms of the merger agreement, which has been unanimously approved by the Castle Brands Board of Directors, Castle Brands shareholders will receive $1.27 in cash for each outstanding share of Castle Brands common stock th
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