Pernod Ricard, the French drinks group, is expected to announce a €1bn ($1.3bn) rights issue and a deal to sell its Wild Turkey bourbon brand, the FT reported. The deal to sell Wild Turkey – the most likely buyer of which is Campari – is expected to raise $575m for Pernod, which unveiled strong half-year results in February.

This entry was posted by Stacy-Marie Ishmael on Wednesday, April 8th, 2009 at 5:01 and is filed under Capital markets, M&A. Tagged with Campari, Pernod Ricard. Edit this entry.