United Breweries’ bid for scotch whisky major Whyte & Mackay seems to be running into problems with the British company believed to have raised the price tag to £600 mn. The UB Group and Whyte & Mackay were holding negotiations during the past six months, but the two have failed to reach a conclusion due to differences over the valuations. The UB Group had offered a little over £400 mn; Whyte & Mackay did not agree to this price, which was later upped to around £500 mn.
Whyte & Mackay is the seventh-largest Scotch maker in Scotland with a turnover of $283 mn. It owns major brands like Isle of Jura, Dalmore, Vladivar Vodka and Whyte & Mackay.
Read more in the article in The Economic Times.
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