Nyetimber Wines and Spirits to acquire The Lakes Distillery in £46.1 million deal

LONDON: Nyetimber Wines and Spirits Group Limited has proposed a cash offer to acquire The Lakes Distillery Company plc, valuing the latter’s share capital at approximately £46.1 million. Shareholders of The Lakes Distillery are to receive 116 pence per share, with the total enterprise value estimated at £71.0 million, accounting for The Lakes’ net financial…