Alert: Diageo Considering Bid for LVMH?

Dear Client:The British media is reporting yet another “secret” deal in the works. The latest news to hit the rumor mills is that Diageo is meeting with bankers to discuss making a tentative bid of €12bn (£10.6bn) for LVMH’s 66% stake in Moët Hennessy, their drinks joint venture. According to a report in The Telegraph, the snitches are “executives close to the situation,” which claim Goldman Sachs has been working on plans for several weeks but are still “at a