Investors are wary of Vivendi deal with Seagram

Article Abstract:

Vivendi SA's proposed acquisition of Seagram Co. has raised concerns among investors. Some investors are awaiting clarification of the new management structure and the future of the Vizzavi joint venture, among other questions.

Foreign operations, Electric, Gas & Water Utilities, Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Energy industries, Energy industry, Public utilities

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Diageo and Pernod Lead Pack in Bid For Seagram Assets

Article Abstract:

Canada's Seagram Company Ltd., which is owned by France's Vivendi Universal SA, is negotiating to sell its drinks unit to Pernod Ricard SA and Diageo PLC. The sale, which has attracted competing bids from Bacardi Ltd. and Brown-Forman Corp., is valued at $8 billion.

United States, Bermuda, Brown-Forman Corp., BF.A, Bacardi Ltd.

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EU Commission is expected to clear sales of Seagram (European Commission may approve acquisition of Seagram Company Ltd., by Diageo PLC and Pernod Ricard S.A.)

Article Abstract:

European Union's European Commission has hinted that it will approve United Kingdom's Diageo PLC and France's Pernod Ricard S.A.'s bid to acquire Canadian liquor giant Seagram Company Ltd.

Government regulation, European Union, Merger Regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Acquisitions and mergers, Corporation law

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