Diageo and MH Face More Speculation

Dear Client:Rumors are again swirling on The Street that Diageo is on the verge of acquiring its remaining 66% stake in Moet Hennessy, according to the Daily Mail. Shares of Diageo rose 13p higher to 1033p yesterday as a result. It’s believed that LVMH could make £6billion-plus from selling MH to Diageo, which it could then use to purchase luxury fashion label Hermes. Acquiring MH would give Diageo champagne and cognac brands, namely Hennessy and Moet & Chandon. It would