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Fortune Brands prepares to...

Fortune Brands prepares to acquire several spirits and wine brands from Pernod Ricard

08 Jul 2005
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The brands that Fortune Brands plans to purchase include Sauza tequila, Courvoisier cognac, Canadian Club whisky, Maker's Mark bourbon, Laphroaig single-malt Scotch and Clos du Bois wines.

08/07/05 Fortune Brands, Inc. has announced that the waiting period has expired for the U.S. Federal Trade Commission to review the company's proposed acquisition of Canadian Club, the #2 Canadian whisky brand in the world. The expiration of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act clears a key condition for Fortune Brands' acquisition of Canadian Club to close on July 26th, along with more than 20 spirits and wine brands for which the FTC had already granted early termination of the waiting period.
 
As announced on April 21st, Fortune Brands will purchase from Pernod Ricard several of the premium spirits and wine brands included in Pernod Ricard's acquisition of Allied Domecq. The brands Fortune Brands plans to purchase include Sauza tequila, Courvoisier cognac, Canadian Club whisky, Maker's Mark bourbon, Laphroaig single-malt Scotch and Clos du Bois wines. The FTC is continuing its review of the company's proposed acquisition of the Maker's Mark brand, and Fortune Brands is continuing to work constructively with the FTC to secure regulatory approval to purchase Maker's Mark. As previously disclosed, continued regulatory review of Maker's Mark will not prevent Fortune Brands from completing its purchase of all other brands from Pernod Ricard on the anticipated July 26th closing date.
 
The Pernod Ricard acquisition of Allied Domecq remains subject to the approval of English courts, necessary regulatory approvals and other customary conditions. 
 

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