Diageo-USL Deal Causes Further Consolidation Speculation

Dear Client:Now that United Spirits has finally struck a deal to sell a stake to Diageo, you may recall predictions that USL would sell off Whyte & Mackay to appease competition regulators. Several industry analysts are now supporting that theory after Diageo's ceo Paul Walsh hinted it was an option during a post-deal investor call. Paul told investors they were "somewhat ambivalent" about having to sell W&M. "We do not feel that we need Whyte & Mackay as a production