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