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

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.
Comments (1)
  • 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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