FTC Delays Ketel One Approval

Diageo said today that its $900 million purchase of a 50% stake in Ketel One will be delayed after the FTC requested more information on the deal, reports the Financial Times. The deal was expected to be closed on March 31 if approved, but now is unlikely to close before the end of June. A second request is time-consuming and expensive, said the FT, and usually requires the company to provide detailed information on regional sales, customers, market share, production