Allied Domecq, the maker of Beefeater Gin, Ballantine's whiskey and Courvoisier cognac, will attract a full-scale bidding war and its shares will surge further, analysts have predicted.
A stg£7.5 billion (€11 billion) bid by Pernod Ricard - the owner of Irish Distillers - will be passed by a rival bid from the a US-based Constellation Brands and Brown-Forman consortium.
Diageo, which owns the Guinness brand, has not yet taken sides in the takeover battle,...
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