Four days ago, news broke about a likely joint bid to take over Pernod Ricard. Apparently, Pernod Ricard ” have been targeted for a hostile takeover by activist investor Elliott Management owned by billionaire Paul Singer ” (well, that’s one version, at least). However, as Singer was looking to slash costs in Pernod Ricard, Diageo and LMVH are instead joining forces to bid on Pernod Ricard instead.
Or so the story goes. There are several versions of this piece of news out there. Another version is that the hedge fund Elliott Management is is in fact something which LMVH and...
