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Sazerac Launches €53.3 Million Offer for German Drinks Maker Berentzen
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Sazerac has offered €5.55 per Berentzen share (about €53.3 million) in a voluntary cash takeover, with both Berentzen’s executive and supervisory boards backing the deal and a minimum 50%+1 share acceptance required for closing slated for Q4 2026. The move comes as Berentzen struggles with shrinking demand and profits, prompting Sazerac to frame a Europe-wide growth platform using Berentzen’s bottling and distribution capabilities, including a planned delisting if the deal goes through.
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Jared Kim
At 5.55 euros a share the offer seems fair for a company in decline but the planned delisting could limit options for smaller investors later on.