Sazerac launches €5.55 voluntary cash takeover for Berentzen
Sazerac plans a voluntary cash takeover offer for Berentzen at €5.55 per share, about 68% above the unaffected 3-month VWAP. The offer requires 50%+1 share acceptance and is expected to complete in Q4 2026, with planned post-deal delisting.
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05:53:40 AM UTC
SquawkNews
US spirits maker Sazerac on Monday launched a takeover offer for all shares of beverage firm Berentzen XETR:BEZ for €5.55 ($6.37) apiece, which is supported by Berentzen's supervisory and executive boards.The German schnapps maker confirmed talks over a potential takeover by privately held Sazerac…
55 per share, a premium of about 68% to the unaffected 3-month VWAP. The bid requires acceptance of 50%+1 share and is expected to close in Q4 2026, with a planned delisting after the transaction.