Whyte & Mackay Should Drink to Gbp 400m Offer

Summary


DESPITE the yes-but-no-but responses emanating from Whyte & Mackay this past few weeks it looks as if a deal is likely to be struck with the Indian tycoon Vijay Mallya for at least a part of the Scotch whisky firm.

The company has been torn between denying any trace of negotiations to confirming that, well, yes there is a chance that they could do business together.

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Extract


Whyte & Mackay Should Drink to Gbp 400m Offer

Two months ago managing director Bob Brannan was sniffily telling this newspaper that there had not been a single bid for any part of the company and that the shareholders wanted to build for the long term. This was de...

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