Berentzen backs Sazerac’s €5.55-per-share takeover proposal
Berentzen ($BEZ) signed a business combination agreement with Sazerac and supports a planned voluntary cash takeover offer of €5.55 per share. The proposed price represents a premium of approximately 68% to the unaffected three-month volume-weighted average share price, rather than to the most recent closing price. The agreement moves the situation beyond the previously reported takeover discussions. The proposed offer requires acceptances covering at least 50% of the shares plus one share, alon