Pernod Ricard ends merger talks with Jack Daniel's owner
Updated
Updated · Bloomberg · Apr 30
Pernod Ricard ends merger talks with Jack Daniel's owner
16 articles · Updated · Bloomberg · Apr 30
The French drinks group disclosed the decision in a brief statement, halting discussions with the company behind the Tennessee whiskey brand.
The collapse leaves Pernod Ricard without a deal that could have reshaped the global spirits industry and raises questions about its next strategic move.
With no previous reports provided, the latest update centres on the breakdown itself and the uncertainty now facing Pernod Ricard.
As its stock hits a 14-year low after the failed deal, has Pernod Ricard now become a prime takeover target itself?
With its Pernod Ricard deal dead, will Jack Daniel's owner accept a rival's $15 billion offer to create an American whiskey giant?