Bacardi to buy premium tequila maker Patron in $5.1 billion deal
Bacardi Ltd will buy premium tequila maker Patron Spirits International AG in a $5.1 billion deal, the family-owned liquor company said on Monday, as it seeks to expand in the United States.
Bacardi, known for Grey Goose vodka and its namesake rum, has held a minority stake in Patron since 2008.
The deal will make Bacardi the No.2 spirits company by market share in the United States, Bacardi said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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