Berentzen confirms takeover discussions with Sazerac

Berentzen ($BEZ) confirmed that it is negotiating with Sazerac over a possible voluntary public takeover offer for its shares. The company’s disclosure follows market speculation and establishes that discussions are taking place. It does not announce a signed acquisition agreement, a binding offer or an agreed price per share.

The potential transaction concerns the German-listed Berentzen group, whose operations include spirits, non-alcoholic beverages and fresh-juice systems. No final transaction terms or completion timetable were provided in the confirmation. Investors therefore have a verified negotiation update but not enough information to calculate a takeover premium or assume a sale will proceed. The BEZ instrument here is Berentzen on Xetra, not Beazley’s similarly named London ticker.

Sources:

• Berentzen — confirmation of Sazerac negotiations, EQS ad hoc announcement