Update on Absolut

Binding offers for V&S were due today, so it could be just a matter of time before the winning bidder is revealed. The four bidders include Fortune Brands, Pernod Ricard, Bacardi and Swedish private equity group EQT which is working with investment firm Investor."All four have submitted bids and we would expect a winner to be picked in around three weeks time," said a source told Reuters.Since yesterday we’ve learned that private equity firm Ratos has joined forces with Bacardi