Advertisement
Canada markets closed

  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CAD/USD

    0.7308
    -0.0005 (-0.07%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • Bitcoin CAD

    86,111.55
    +5,184.05 (+6.41%)
     

  • CMC Crypto 200

    1,357.74
    +80.76 (+6.32%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     

  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Ketel One owner offers $285 million for Dutch gin maker Lucas Bols

Reuters
·1 min read

AMSTERDAM (Reuters) - The maker of Ketel One vodka has launched a management-backed offer to buy Dutch gin and spirits maker Lucas Bols for 269.5 million euros ($284.51 million), the companies said on Monday.

The Nolet Group, also of the Netherlands, said it has agreed to offer 18 euros in cash per share for Bols, a 76% premium to Bols' closing price on Oct. 6 of 10.20 euros.

Bols is the maker of Bols gins, passion-fruit drink Passoã, and Galliano liqueur. Family-owned Nolet makes Ketel One and Nolet's Gin.

"This will create a Dutch champion in the global spirits and cocktail market and preserve valuable heritage and growth potential for the long term," they said.

($1 = 0.9472 euros)

(Reporting by Toby Sterling, Editing by Louise Heavens)