Pernod Ricard acquires Absolut parent in $8.9B deal to bolster U.S. presence

Pernod Ricard acquires Absolut parent in $8.9B deal to bolster U.S. presence

PARIS —Pernod Ricard, the French liquor company based here, said it has agreed to acquire Sweden’s Vin & Spirit, the parent company of Absolut vodka, for 5.63 billion euros, or about $8.9 billion.

Pernod Ricard won the Stockholm-based vodka brand in a bidding war with other liquor companies that include Diageo, Bacardi and Fortune Brands. —Pernod Ricard, the French liquor company based here, said it has agreed to acquire Sweden’s Vin & Spirit, the

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