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Pernod Spirits High After $8.3B Absolut Buy

French company pays $8.3B for premium vodka brand

By Jim O'Neill,  Newser User

Posted Mar 31, 2008 9:14 AM CDT

(Newser) – French liquor giant Pernod Ricard's spirits were soaring after its $8.34 billion bid won it ownership of Sweden's state-owned Vin & Spirit, the parent company of Absolut vodka. Pernod topped US-based Fortune Brands in an auction for the purchase, the Wall Street Journal reports,...   Read full story »

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