Shares of Central European Distribution (CEDC) shoot 17.5% higher after it says that it received...

|About: Central European Distribu... (CEDC)|By:, SA News Editor

Shares of Central European Distribution (CEDC) shoot 17.5% higher after it says that it received a letter from Russian Standard proposing a strategic alliance. The proposal suggests buying an additional 19.9% of CEDC - up from its current stake of 9.9% - in exchange for assets of Russian spirits importer Roust.