dcbt Posted August 29, 2019 Share Posted August 29, 2019 (edited) https://seekingalpha.com/news/3495475-pernod-ricard-buys-castle-brands-223m-deal?ifp=1 Castle Brands (NYSEMKT:ROX) +83.2% after-hours on news it agreed to be acquired by Pernod Ricard (OTCPK:PDRDF) for $1.27/share in cash, or ~$223M. Under the deal terms, ROX shareholders would receive $1.27 for each outstanding share they own, representing a 92% premium to the Aug. 27 closing price and a 109% premium to the 30-day volume weighted average share price. Pernod Ricard says the deal adds Jefferson's bourbon whiskey to its brand portfolio and will strengthen its position in the U.S. Edited August 29, 2019 by dcbt Link to comment Share on other sites More sharing options...
Richnimrod Posted August 29, 2019 Share Posted August 29, 2019 Hmmmm. Does anyone know offhand, what if any, other brands are included in this purchase. Jefferson's used to offer some good quality and interesting Bourbons; many at somewhat reasonable rates even, though not recently. Lately the only stuff coming from them, IMO, has been over-priced, over-hyped and rather ordinary stuff in various faux finishes and barrel treatments (sloshing around on a barge at sea for a little while....). Link to comment Share on other sites More sharing options...
dcbt Posted August 30, 2019 Author Share Posted August 30, 2019 17 hours ago, Richnimrod said: Does anyone know offhand, what if any, other brands are included in this purchase. Not sure about this specific purchase, but they also recently bought Rabbit Hole and TX. Link to comment Share on other sites More sharing options...
wadewood Posted August 31, 2019 Share Posted August 31, 2019 Pernod sold WT at the worse possible time. Sell low buy high does not make for a great company 1 Link to comment Share on other sites More sharing options...
lcpfratn Posted September 1, 2019 Share Posted September 1, 2019 Hmmmm. Does anyone know offhand, what if any, other brands are included in this purchase. Jefferson's used to offer some good quality and interesting Bourbons; many at somewhat reasonable rates even, though not recently. Lately the only stuff coming from them, IMO, has been over-priced, over-hyped and rather ordinary stuff in various faux finishes and barrel treatments (sloshing around on a barge at sea for a little while....).Castle Brands includes Jefferson’s Bourbon, Arran Scotch Whisky, Goslings Rum, Goslings Ginger Beer, Knappogue Castle Irish Whiskey and several other lesser known (at least to me) brands. 3 Link to comment Share on other sites More sharing options...
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