Bacardi to acquire high-end tequila maker Patron Spirits in $5.1b deal

Bacardi to acquire high-end tequila maker Patron Spirits in $5.1b deal

FILE PHOTO - An exhibitor arranges Bacardi rum bottles during the TFWA (Tax Free World Association) exhibition in Cannes, southeastern France, October 19, 2009. REUTERS/Eric Gaillard

Bacardi Ltd said on Monday it would buy high-end tequila maker Patron Spirits International AG in a $5.1 billion deal, hoping to become the second largest spirits company in the United States in market share by value.

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