Diageo Hit with Rumors

Dear Client:Yesterday Diageo was hit by rumors that a deal with Brown-Forman or a brewer were in the works causing stocks to slide 2% on the London Stock Exchange, reports the London Financial Times. Rumors swirled among analysts that Diageo might form a “friendly” deal with B-F or consider buying a brew. Controlling shareholders are thought to be open to a sale or disposal, with the possibility of Bacardi taking an interest. However, the FT says it’s unlikely that Diageo