An offer by Diageo (DEO) to buy a 26% stake in United Spirits from shareholders has failed,...

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

An offer by Diageo (DEO) to buy a 26% stake in United Spirits from shareholders has failed, according to sources. The company is expected to take another stab at securing a controlling interest in the Indian brewer through a new tender offer.