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Bacardi mulls going public

Published on .

Bacardi Ltd. confirmed it's considering going public. The U.S.' No. 5 spirits company said in a statement it "regularly reviews its financial structure and resources in light of its business environment,'' and that the Bermuda-based company and shareholders are studying the implications of a limited public offering. Bacardi wouldn't comment further, but a newspaper story said the company will brief shareholders, all of whom are internal, at a meeting in Miami next week. Bacardi's U.S. marketing arm is Bacardi-Martini USA.

Copyright November 1999, Crain Communications Inc.

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