Grand Marnier Goes to Campari for $760 Million

Gruppo Campari has expounded on reports yesterday [see WSD 3-14-2016] with news that it has agreed to purchase a controlling stake in Grand Marnier's parent company, Societe des Produits Marnier Lapostolle (SPML). The deal values the company at $760 million.THE NITTY GRITTY. Under the terms of the deal, Campari will take a 17.19% stake in full ownership and acquire a further 2.6% stake from some of the controlling family shareholders. It will also file a public tender offer on all