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Alleid Domecq - takeover by Pernod Ricard
Thursday, 21 April 2005
Allied Domecq recommended a takeover offer by Pernod Ricard. The offer is of 545p + 0.158 of a Pernod Ricard Share for each Allied Domecq share.
The cash component alone offers a 11% premium to the price at which Allied Domecq traded at before the price was pushed up by the expectation of a takeover. The equity component addes about another 25% to this (although of course this is likely to diminish as the Pernod Ricard price is likely to fall a little on the news).
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