April 2014 Analysis

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Deal of the Week - Diageo Returns For Majority Stake In India's USL - 21 APR 2014

UK-based beverage giant Diageo has acquired a taste for Indian spirits producer United Spirits (USL) and has returned to take a controlling stake in the firm. Diageo has offered to buy an additional 26% holding and has made an initial offer of GBP1.13bn (USD1.9bn). Via a subsidiary, Diageo, the world's largest distiller already controls 28.78% of USL. A successful deal would take its holding to...

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