Moet Hennessy to acquire Glenmorangie for 300 million pounds
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Moet Hennessy Investissements, a subsidiary of the French luxury group LVMH, said it had agreed to terms with Scottish whisky producer Glenmorangie for a 300-million pound (545-million-dollar) bid for the company.
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Glenmorangie, one of Scotland&#39;s last independent whisky distillers, is to be bought by French drinks firm Moet Hennessy for about Â£300m (433m euros).
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One of Scotland's last remaining independent distillers is to be bought by French drinks firm Moet Hennessy.
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Whisky distiller Glenmorangie said it was in talks with a number of potential suitors about a takeover. The firm, one of the largest remaining independent companies in the Scotch whisky industry, said it was
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Diageo, the world&#39;s biggest spirits company, has agreed to buy Chalone Wine, a Californian winemaker, for $260m (Â£134m) including debt.
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MacDermid said that a group led by its chairman and chief executive and several investment funds would buy it for more than $1.3 billion.
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MoÃ«t Hennessy, the French drinks groups controlled by LVMH , the luxury goods company, today said it had agreed to buy Glenmorangie.
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Diageo, the world&#39;s largest maker of alcoholic beverages, has agreed to acquire the Chalone Wine Group, a group of small, high-end wineries that is based in California and has properties there, in Washington State and France.
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Glenmorangie, one of Scotland's last remaining independent distillers, is to be bought by French drinks firm Moet Hennessy.