French drinks giant Pernod Ricard is leading in the contest for the control of its British counterpart, Allied Domecq.
US wine merchant Constellation Brands approached Allied Domecq last weekend, but has not made a formally priced offer to its shareholders yet.
It has also been rumoured that world leader Diageo could launch a counter-offer, although competition implications would mean that Guinness's parent company could only keep a small number of brands in the Allied Domecq...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team