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June 07, 2005
Cruzan Rum
When I was in the states in April I noticed a markedly higher profile for Cruzan Rum - it was in the bar of an Asbury Park, NJ restaurant I was in and I also noticed it on North Carolina when my buddies and I were on a golf trip. When I got back to St. Thomas I did a little poking around and found out about the company that actually owns Cruzan now, and there pretty aggresive plans for marketing Cruzan and the other rums they bottle. Seemed like an interesting story.
Today brings this news:
TICKER SHOCK: CRUZAN INTERNATIONAL (RUM) MONDAY'S CLOSE: $26.31, UP $12.26Investors of Cruzan International had reason to celebrate Monday after the company's shares surged 87 percent. Shots, anyone?
The West Palm Beach, Fla.-based company, which produces and distributes the Cruzan line of rums from the Virgin Islands, said late Friday that Sweden's state-owned liquor company V&S Vin Spirit had agreed to buy a controlling stake for $28.37 a share. That's nearly double the stock's price a month ago.
Wish I would have bought some of the stock!
Posted by afinta at June 7, 2005 12:13 PM
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