July 21 Glenfiddich, the scotch whiskey business owned by William Grant & Sons, is looking to buy Drambuie, the brand owned by the MacKinnon family, in a 100 million pounds ($170.76 million)takeover, Sky News reported late Monday.
William Grant & Sons is among an initial crop of bidders for Drambuie, which is being pursued by other suitors including the French maker of Remy Martin cognac Remy-Cointreau, the news service reported citing insiders whom they did not identify. (bit.ly/1p8mlrp)
Sky News said that a number of other major drinks groups, including Diageo and LVMH, are understood to have opted not to make offers for Drambuie.
William Grant could not be reached for a comment outside of normal business hours. ($1 = 0.5856 British pounds) (Reporting by Aashika Jain in Bangalore)