/ pernod takeover could hit c&c

drinks and snack food group c&c could see its profits hit following the takeover by pernod ricard of allied domecq, whose brands it distributes in ireland. allied yesterday agreed to a cash and share takeover deal by pernod, headed by irishman richard burrows, worth €10.7 billion. us drinks-maker fortune brands are also part of the pernod bid.

according to analysts, the takeover could have a negative impact on c&c. it distributes a number of allied domecq's brands in ireland, including malibu rum and tia maria. allied, which once owned c&c, distributes tullamore dew whiskey and carolan's irish cream overseas. the loss of these contracts will be a blow for c&c, with some brokers saying it could shave €2 million from annual profits...

via irish examiner