:. Food Industry News


N.Y. Court Rejects Fortune Claim on V&S: Report

Source: Reuters
20/05/2008

Stockholm, May 20 - A New York court has rejected a claim by spirits firm Fortune Brands that media had said could delay Pernod Ricard's acquisition of Sweden's Vin & Sprit, daily Svenska Dagbladet said on Tuesday.

Daily News Alerts

Fortune has filed lawsuits in Stockholm and New York for an injunction to stop the Absolut Vodka maker from going ahead with plans to transfer V&S's 10 percent stake in the Fortune venture that makes Jim Beam bourbon to the Swedish state.

The holding is excluded from Pernod's deal to buy V&S.

The Stockholm district court told Reuters it planned to give its decision later on Tuesday.

Svenska Dagbladet said judge Denise Cote rejected the lawsuit in New York on Friday.

Fortune plans to exercise a right to buy the stake in the venture but has been unable to agree with state-owned V&S on a price.



GO   View more articles on this subject


More Alerts from 20/05/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
Pernod Ricard Completes Acquisition of V&S
Fortune Brands' Court Action to Have No Impact on V&S...
Pernod Ricard Confirms Interest in Buying Absolut Vodka...
Pernod Ricard Closing in on Absolut Vodka - Paper
Pernod to Pay US$230 Million To Fortune to End Venture;Disposal...
Fortune Buys V&S's Beam Stake for $464 Mln
V&S and Fortune Far Apart on Jim Beam Stake Price
Gruppo Campari Eyeing Absolut Brands - CEO
Drinks Industry Looks for Absolut Transition
Pernod Says Aims to Sell Plymouth, Fris Brands

More in Food Industry News
Cargill Fails in US$10 Million Damages Claim Against...
Wal-Mart Canada Cuts Staple Food Prices in Ontario
Danone Near Exiting India Venture with Wadia - Report
Danone Says No Decision Yet Made over Sale of its ...
InBev Announces Successful Completion of Primary Syndication...
Indonesia Says Food Stocks to Ease Inflation Pressure
Remy Cointreau Sees Asian Echo to U.S. Downturn
Wimm-Bill-Dann Foods Announces 30% Revenue Growth in...
Belgian Nuclear Authorities Alert the Commission about...
Haisheng Announces 2008 Interim Results

Top Headlines
Crystalline Lactosucrose or Syrup Containing Crystalline...
Sucrase Activity Inhibitor, Glucoamylase Activity Inhibitor...
Low Trans Puff Pastry Composition, Method of Use and...
Method for the Manufacturing of Soy and Milk Protein-Based...
Edible Oil Composition Suitable for Frying Food
Belgian Nuclear Authorities Alert the Commission about...
ISO Sees 2008/09 Global Sugar Deficit of 3.9 Million...
EU Increases Refunds on Periodic Sugar Exports
Jamba, Inc. Reports US$89 Million Loss In Q2 2008 Results
India's Premium Rice Production Up, Farmers Eye Exports...
Indonesia's Indofood H1 Profit More than Doubles
Salmonella Outbreak Over: US Centre for Disease Control...
Carrefour: Solid Sales Growth and Activity Contribution...
Starbucks Says More Discounts, Promotions Coming
Pernod to Pay US$230 Million To Fortune to End Venture;Disposal...
Diageo, Brown-Forman Hurt by Weak European Economy
EU to Appeal WTO Ruling on Banana Import Regime
PepsiCo and The Pepsi Bottling Group Complete Acquisition...
China: Macau Eliminates Tax on Wine and Beer
Sainsbury Shares Surge on Renewed Takeover Talk
Brown-Forman First Quarter Earnings Per Share Down...
Canadian Food Safety Regime at Fault for Listeria Outbreak...
Del Monte Foods Q1 2009 Results; Sales Up; US$8 Million...
Troubled Coffee Chain Beanscene on Brink of Being Sold
Clearly Canadian Brands Announces Q2 2008 Results
France's Entremont Reaches Deal with Milk Farmers
Olam International Hails FY2008 as a Milestone Year...
Isomalt in Cereal Products


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228