Pursuits
Diageo Surges on Report That Brazilian Billionaire May Bid
Diageo Surges on Report Brazilian Billionaire May Buy It
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Diageo Plc, the liquor giant that owns Guinness, Johnnie Walker and Ketel One, surged the most in almost seven years in U.S. trading on a report that Brazilian billionaire Jorge Paulo Lemann is considering a takeover bid.
Lemann and other executives are in early stages of mulling an acquisition, according to Veja columnist Lauro Jardim. A spokeswoman in Brazil for Lemann declined to comment.