Cuervo Deal Could Close This Week… Or Next Month

Dear Client:Yes, that's the latest news report coming out of London. A bit wishy-washy, we'll admit. However, rumors of Diageo acquiring Jose Cuervo from the Beckmann family have swirled since the spring, and the talks may be nearing a close. Without detailing where it got its information, the Sunday Times reported yesterday that chief Paul Walsh could announce the acquisition - which is expected to cost Diageo about $3 billion in cash and shares - as soon as Thursday when