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Bacardi to Acquire Patrón Tequila In $5.1 Billion Deal
Global spirits giant Bacardi Limited will acquire Patrón Spirits International AG, maker of the popular Patrón tequila, at an enterprise value of $5.1 billion. The transaction is expected to close in the first half of 2018. It will enable Bacardi to add an additional brand-name liquor to a roster that already includes Grey Goose vodka, Dewar’s Scotch whiskey and a fleet of eponymous rums.
