Italy’s Campari, the world’s sixth largest spirits company, said on Tuesday it had agreed to buy Grand Marnier in a deal valuing the French liqueur maker at 684 million euros or some $759 million. Campari said it would offer to buy shares in Grand Marnier in cash for 8,050 euros each, a 60 percent premium to the stock value, having agreed to buy shares representing 17.2 percent of the company from controlling family shareholders.

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