Likelihood of Diageo and MH Deal “Extremely Low”

Dear Client: The likelihood of Diageo acquiring the remaining 66% of Moet-Hennessy it doesn't already own is "extremely low," said Deutsche Bank analyst Jamie Isenwater in a research note. Although it "is probably the most rumoured and speculated event in Global spirits," there are plenty of negatives to outweigh the positives. Certainly synergies lie in distribution opportunities in the US and Asia (particularly China), growth potential for Cognac in Latin America and "MH's expertise in the super/ultra-premium categories." But these