date:Nov 13, 2012
Italian drinks giant Gruppo Campari has made a tender offer of $414.8m to buy 100% of the issued shares of Lascelles deMercado (LdM), a Jamaica-based parent company of the Appleton Estate and Wray Nephew rum brands.
On 3 September 2012, Campari signed an agreement with CL Financial Limited group of companies (CLF), owner of LdM, to hold 90.7% of issued ordinary shares and 97% of issued preferred shares of LdM.
The tender offer, which is made through a wholly owned subsidiary of Davide Campari