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Diageo (DEO) reportedly held talks earlier this year with Japanese peer Suntory about joining up...

  • Sunday, December 9, 2012, 2:56 AM ET
    Diageo (DEO) reportedly held talks earlier this year with Japanese peer Suntory about joining up to buy bourbon whiskey producer Beam (BEAM) for over $10B. With talks stalling, both companies have held discussions with other potential partners. A bid for Beam, whose market cap is $9.5B, would mark a departure by Diageo from its strategy of acquiring spirits brands in fast-growing emerging markets.
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    Beam has been on a tear the past week; maybe those in the know knew something was in the works; lets wait and see. This weeks action might get interesting.....long BEAM
    9 Dec 2012, 04:11 PM Reply Like
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