Wed, Oct. 7, 1:41 PM
- There was a major beer deal struck today, although it didn't involve Anheuser-Busch InBev and SABMiller.
- A little bit under the radar, Diageo (NYSE:DEO) and Heineken (OTCQX:HEINY) finalized an agreement to swap assets. Diageo sold a 57% stake in Desnoes & Geddes to Heineken to give the Dutch brewer 73% of the Red Stripe brewer. Diageo also sold 49.99% of Asian distributor GAPL Pte to Heineken.
- Heineken traded back a 20% stake in Guiness Ghana Breweries to Diageo.
- The asset deals will result in a net payment of $780.5M to Diageo.
Wed, Sep. 30, 6:27 PM
- The Telegraph reports Diageo (NYSE:DEO) is pushing ahead with the sale of its wine brands (Blossom Hill, Piat d'Or, Rosenblum, etc.), as part of the drinks giant's ongoing attempts to unload non-core businesses.
- Australia's Treasury Wine Estates is said to be "a leading suitor" for the business, No word on a sale price.
- CEO Ivan Mendes suggested in July Diageo could sell its wine ops. “We do look at the portfolio, and I would say that without getting into specifics you can expect us to be active managers of our portfolio ... Wine is small. It plays a role in the US right now, but it is not going to get bigger for us.”
Wed, Sep. 16, 9:56 AM
- Beer stocks are in party mode with Anheuser-Busch InBev (BUD +6.9%) closing in on making an offer for SABMiller (OTCPK:SBMRY +20.5%).
- Consolidation within the industry is seen supporting pricing and raising the M&A profile of large and smaller players alike.
- Gainers: Heineken ADRs (OTCQX:HEINY) +3.7%, Diageo (NYSE:DEO) +2.9%, Molson Coors (NYSE:TAP) +14.5%, Carlsberg (OTCPK:CABGY) +3.7%, Craft Brew Alliance (OTCPK:CABGY) +3.7%, Constellation Brands (NYSE:STZ) +0.8%, Boston Beer (NYSE:SAM) +1.6%.
- Previously: AB InBev prepping offer for SABMiller (Sep. 16 2015)
- Previously: Molson Coors pops with A-B circling SABMiller (Sep. 16 2015)
Fri, Sep. 11, 9:07 AM
Tue, Sep. 8, 8:30 AM
Thu, Jul. 30, 8:56 AM
Tue, Jul. 28, 8:22 AM
- Diageo (NYSE:DEO) says it will end a partnership with Heineken (OTCQX:HEINY) in South Africa as it looks to become more aggressive in the region.
- The company plans to sell stakes in joint venture entities to position itself to go head-to-head against Anheuser-Busch InBev and SABMiller.
- A partnership with local brewer Namibia Breweries will continue.
Fri, Jul. 24, 10:36 AM
- Diageo (DEO +0.7%) says it's working to respond to SEC requests for information on distribution and inventory.
- The regulator is probing the company to see if excess supply was shipped in order to boost short-term results.
- The latest development follows a period this summer when Diageo turned over a number of top execs.
- Shares of Diageo are cutting into yesterday's late-day slide.
Thu, Jul. 23, 3:10 PM
Tue, Jun. 30, 10:55 AM| Tue, Jun. 30, 10:55 AM | Comment!
Fri, Jun. 26, 1:47 PM
- Ennismore Capital is the top bidder in an auction by Diageo (DEO -0.7%) to sell the Gleneagles golf course in Scotland, according to Sky News.
- Sources indicate an announcement on the deal could come next week.
- A transaction price of £150M ($235.88M) for the site of last year's Ryder Cup has been reported.
Mon, Jun. 22, 10:54 AM
- Shares of Anheuser-Busch InBev (BUD +3.4%) shoot higher after a presentation by rival SABMiller indicates the brewer seeks to increase at-home beer demand in Latin America.
- Though SABMiller aims to grab market share in new Latin American territories, BUD investors are focused on some of the rosy projections for overall growth in the region.
- Diageo (DEO +1.3%) is also higher on the day.
- Previously: SABMiller sees upside in Latin America (Jun. 22 2015)
Wed, Jun. 17, 10:57 AM
- Diageo (DEO +0.7%) turns higher on market speculation LVMH is interested in acquiring the Moet Hennessy brand.
- The Moet Hennessy portfolio includes wine, sparkling wine, spirits, and champagne products.
- Earlier this month, Diageo was bid up on market rumors over 3G Capital purchasing the company.
- Shares of Diageo are up 7.4% in June amid the M&A talk.
Mon, Jun. 8, 9:59 AM
- Diageo (DEO -2.8%) trades lower as skepticism over a 3G Capital takeout builds.
- Evercore ISI and Susquehanna are both out with notes to investors discounting the likelihood of a deal.
- Anheuser-Busch InBev (BUD -3.2%) is also lower in early action.
- The brewing giant built up some late gains Friday with investors betting that 3G's prominent stake in the company would become even more significant if it worked a deal for Diageo.
- Previously: Diageo jumps on report of potential takeover offer (Jun. 05 2015)
- Previously: Diageo bid "highly unlikely" - Evercore (Jun. 06 2015)
Sat, Jun. 6, 4:14 PM
- Firm says a near-term bid for Diageo (NYSE:DEO) is "highly unlikely." DEO is unlikely to sell itself for less than $90B (vs. $74.2B as of Friday's close).
- Previously: Diageo jumps on report of potential takeover offer (Jun. 5)
Fri, Jun. 5, 4:30 PM
- Brazil's Veja reports local P-E firm 3G Capital is considering a bid for Diageo (NYSE:DEO). The liquor giant's shares surged during the final hour of trading, closing up 8%.
- 3G, known for buying companies possessing popular consumer brands and engaging in ruthless cost-cutting afterwards, is said to be in the early stages of weighing an acquisition. The firm is less than 3 months removed from striking a deal to merge existing holding H.J. Heinz with Kraft Foods.
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