Campari Agrees to Acquire Grand Marnier for $760 Million

  • 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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