Diageo May Acquire Jose Cuervo for $3 Billion, Sunday Times Says
The deal may be announced as soon as Aug. 23 and will probably be funded at least in part with shares, the newspaper said. The sale may include separate agreements for the brand, the production facilities, and the land where the agave plant used in tequila is grown, it said.
Diageo spokeswoman Kirsty King declined to comment.
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