C&C shares jump on US cider acquisition

C&C Group rose the most in a month in Dublin trading after saying it acquired Hornsby’s, the second-largest cider maker in the US, for as much as €20 million.

C&C rose as much as 4.1 per cent in Dublin to €3.05 euros, the biggest intraday gain since October 6th. The purchase makes C&C the second largest cider company in the US with an estimated 20 per cent share, according to a regulatory statement.