Central European Distribution Corp's No. 2 shareholder on Friday welcomed top shareholder and billionaire Roustam Tariko's bid to boost his stake in the Polish vodka maker.On Thursday, CEDC said Tariko-owned vodka producer Russian Standard -- which already holds a 9.9 percent stake -- has proposed to purchase another 19.9 percent, and has also offered to help the company restructure its debt.In a letter to the company on Friday, Mark Kaufman -- who owns a 9.6 percent stake in CEDC -- said a combination between the two companies "could make sense"."Tariko has a strong standing both in the wine and spirit industry and the banking sector. I certainly welcome his attempt to help build a better future for CEDC," Kaufman said.
Central European Distribution Corporation (CEDC) operates primarily in the alcohol beverage industry. Shares of CEDC fell by 4.72% or $-0.285/share to $5.76. In the past year, the shares have traded as low as $2.75 and as high as $26.25. On average, 2589910 shares of CEDC exchange hands on a given day and today's volume is recorded at 140185.
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