Pernod Buys Castle Brands in $223 Million Deal

Dear Client:Pernod Ricard and Castle Brands announced they have entered into a definitive agreement where Pernod, through a subsidiary, will acquire all of the outstanding common stock of Castle Brands for $223 million. Under the terms of the merger agreement, Castle Brands shareholders will receive $1.27 in cash for each outstanding share of Castle Brands common stock they own. "Through this acquisition we welcome this great brand portfolio, in particular, Jefferson's bourbon whiskey, to the Pernod Ricard family. Bourbon is a key