Campari Agrees to Acquire Grand Marnier for $760 MillionBy
Italian spirits maker forecasts immediate earnings boost
Bid of 8,050 euros a share is 60% premium to closing price
Italian distiller Davide Campari-Milano SpA agreed to buy Grand Marnier Group in a deal valuing the French cognac maker at 684 million euros ($759 million), adding more high-end spirits to its portfolio.
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