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UK: Suitors line up for Whyte & Mackay whiskey bidding

 |  April 7, 2014

As the second round of bidding for UK whiskey firm Whyte & Mackay approaches, possible bidders emerge for the assets divested by United Spirits as part of its merger with Diageo.

US-based drinks firm Brown-Forman, which makes Jack Daniel’s, and private equity firm Lion Capital are reportedly among the bidders, according to sources, who also said five parties are expected to put offers in this round.

The bids are due on April 17, say reports.

UK spirits giant Diageo recently acquired India’s United Spirits, but as part of an agreement for the merger United Spirits was required to sell off the whiskey operation.

Full Content: Reuters

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