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Suntory Negotiating to Acquire France’s Orangina

Suntory Negotiating to Acquire France’s Orangina

Major Japanese beverage maker Suntory Holdings Ltd. is negotiating to buy its French rival Orangina SAS from U.S. investment firms, Suntory officials said Thursday. Although the officials refrained from discussing details, The Wall Street Journal reported Wednesday a deal could be reached this week. The price is likely to exceed the $2.6 billion that Blackstone Group LP and Lion Capital paid for Orangina in 2006, the U.S. business paper said, quoting people familiar with the matter. [...more]

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