Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,387.60 +52.30 0.34%
S&P 500 1,669.16 +2.87 0.17%
Nasdaq 3,502.12 +5.69 0.16%
Ticker Volume Price Price Delta
STOXX 50 2,821.65 -2.85 -0.10%
FTSE 100 6,803.87 +48.24 0.71%
DAX 8,472.20 +16.37 0.19%
Ticker Volume Price Price Delta
Nikkei 15,381.00 +20.21 0.13%
Hang Seng 23,366.40 -126.66 -0.54%
S&P/ASX 200 5,180.06 -28.98 -0.56%

Diageo May Acquire Jose Cuervo for $3 Billion, Sunday Times Says

Diageo Plc (DGE) is close to agreeing on a deal to buy Jose Cuervo from Mexico’s Beckmann family for $3 billion, the Sunday Times reported, without saying where it got the information.

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.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link