Pernod Ricard’s £7.6bn takeover of Allied Domecq has received the backing of Pernod shareholders and the US Federal Trade Commission.

In an extraordinary general meeting held yesterday, Pernod Ricard shareholders granted “conditional authorisation to increase the share capital of Pernod Ricard thereby enabling the acquisition of Allied Domecq,” Pernod said.

And this morning Pernod said that the US Federal Trade Commission had granted clearance for the acquisition to go ahead.

Allied Domecq holds a meeting for shareholders on Monday (June 4) to approve the takeover.

The groups are on track to complete the acquisition by the end of July, added Patrick Ricard, chairman and chief executive officer of Pernod.