Diageo makes aggressive bid for United Spirits' stake

|About: Diageo plc (DEO)|By:, SA News Editor

Diageo (DEO) makes a $1.9B bid to purchase an additional 26% in United Spirits.

The transaction will increase Diageo's (DEO) stake in the Indian company to 54.78%.

Shares of United Spirits are up over 10% in Bombay trading.