• Montega cut its rating on Berentzen-Gruppe to Hold from Buy, setting a 12-month target of EUR 5.55.
• The move followed Sazerac’s planned voluntary cash takeover offer of EUR 5.55 a share, a 68% premium to the prior 3-month VWAP.
• Montega expects the offer to clear the 50% plus one share minimum condition, citing board support and no regulatory approvals required.
• Sazerac targets closing in Q4 2026, then plans a delisting, which Montega said would likely cap upside beyond the offer price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Berentzen-Gruppe AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26866) on September 22, 2026, and is solely responsible for the information contained therein.