Bloomberg Businessweek (Asia)

Bid/Ask: Campari adds Grand Marnier to its mix; a bid from China threatens Marriott’s Starwood deal

- By Kyle Stock

$759m

Campari mixes with Grand Marnier. Davide Campari-Milano, the Italian distillery behind many a Negroni cocktail, bought Société des Produits Marnier Lapostolle, an almost 200-year-old French company known for its orange-flavored liqueur. The pairing gives Campari a greater slug of the craft cocktail market. Campari’s portfolio also includes stiffer drinks such as Wild Turkey and Skyy Vodka.

$13b

A Chinese insurer tries to book Starwood Hotels & Resorts. The bid from Anbang Insurance could scuttle the company’s pending sale to Marriott Internatio­nal.

$6.8b

Asciano picks both sides. Qube Holdings and Brookfield Infrastruc­ture Partners each bid for the rail and port operator. Asciano agreed to a joint takeover.

$1.4b

Apollo Global Management buys Fresh Market. The North Carolina-based grocer operates 186 stores. It’s struggled recently to compete with larger rivals such as Kroger and Safeway.

$1.1b

FleetCor Technologi­es buys a Brazilian toll taker. Sem Parar has more than 4.5 million people and businesses using its network to pay for tolls, parking, and gas.

$750m

Sony buys out Michael Jackson’s estate. The company bought the late King of Pop’s 50 percent share in a music catalog, including rights to songs by the Beatles, Lady Gaga, and Sting.

$622m

Vectura Group buys Skyepharma. Both companies, which agreed to an all-share deal, specialize in treatments for asthma and breathing difficulti­es.

$240m

Hertz reposition­s in China. It sold almost all of its 10 percent stake in Car, the country’s largest car rental company. Car will use the Hertz brand at its 700 locations until 2024.

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