from the Economist magazine: SEAGRAM'S ALCOHOLIC-DRINKS BUSINESS is likely to be sold for as much as $7 billion, as part of the company's merger with Vivendi, a French conglomerate. VIN & SPIRIT, the Swedish firm that distils Absolut Vodka, made the most recent overture. Distribution of Absolut Vodka accounts for 10% or more of Seagram's profits.
+ Britain's DIAGEO and France's PERNOD RICARD plan a joint bid for
Seagram's drinks business. Another British firm, ALLIED DOMECQ, will
attempt an independent takeover.