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Market Impact: 0.42
Berentzen shares soar as Sazerac explores takeover of German schnapps maker
Source: reuters.com
M&A & RestructuringConsumer Demand & Retail
Berentzen shares surged about 22% to a 14-month high after reports that German schnapps maker had become an acquisition target for leading spirits producer Sazerac. The potential deal highlights Sazerac's continued acquisition drive and is materially positive for Berentzen shareholders.
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