MORGAN STANLEY BUYS 2ND LARGEST STAKE IN PERNOD

Morgan Stanley has become the second largest shareholder in Pernod Ricard after upping its stake in the French company to 6.5% over the last couple of months. With an average price of 155 euros per share, the stake cost about $1.48 billion. The Ricard family remains Pernod’s top shareholder with a 10.7% stake.