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Pernod Ricard in exclusive talks to buy Cognac maker Le Maine au Bois

Source: Wall Street Journal

French alcoholic beverage group Pernod Ricard Monday said it has started exclusive talks to buy Le Maine au Bois SAS, a French cognac maker fully owned by Pierre-Hubert Lassalle.

In a regulatory filing with the Paris stock regulator, Pernod Ricard said it would merge Le Maine au Bois with Ricard’s Martell & Co. The company declined to give any financial details of the operation.

Mr. Lassalle declined to give any further details when contacted by Dow Jones Newswires via telephone.

Source: Wall Street Journal