Watch: Patron's Billionaire Co-Founder Reveals Why He Sold Company to Bacardi
Billionaire John Paul DeJoria, co-founder of Patron, said Bacardi has the resources to take the tequila company even further. Watch the video interview.
Billionaire John Paul DeJoria, co-founder of Patron, said Bacardi has the resources to take the tequila company even further.
Bacardi, which owned a stake in Patron, announced plans to take full ownership of the company earlier this week, in a deal that values Patron at $5.1 billion.
"Besides being a great partner of ours all this time, [Bacardi has] a lot distribution that they personally own in different countries," he told TheStreet in an interview.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
