FTC OKs Big Booze Merger, With Conditions

     WASHINGTON (CN) – To complete its $9 billion acquisition of Swedish booze maker V&S Vin & Spirit, Pernod Ricard will have to terminate is distribution deal with Stolichnaya within 6 months of the merger, the FTC said in a settled antitrust complaint. Without that provision, the FTC said, the merger would restrict competition in the two most popular brands of expensive vodka, Absolut and Stolichnaya.

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