Bidding War Opens For Glenmorangie

Glenmorangie was at the centre of a furious bidding war last night as the Macdonald family’s decision to sell its controlling share sent ripples of interest through the City, catapulting its shares up over 25%. The company has been valued at £250 million, but analysts say it could reach £300m if a bidding war ensues. Although no formal bids have come to the table, two front runners in Brown Foreman, (makers of Jack Daniel’s) and Bacardi have emerged