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NEW YORK Pernod Ricard and Allied Domecq had been neck and neck as they vied to become the No. 2 spirits company in the world. Now following months of speculation, Pernod has won the battle as it will acquire Allied Domecq for a reported $14.2 billion with the help of Fortune Brands.
Pernod, which said the deal is expected to close by August, will get Beefeater, Malibu, Ballentine’s, Kahlua, Tia Maria, Mumm and Perrier Jouet while also working to keep the distribution rights for Stolichnaya.
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