Report: Beckmanns Could Become Diageo’s Largest Shareholder

Dear Client: The Sunday Times is reporting that "Juan Beckmann, the owner of Jose Cuervo, has held a series of discussions about selling the business to Diageo." While that story is nothing new - recall reports surfaced in March that the Beckmanns were considering selling the business - the latest development is that Juan wants shares instead of cash from Diageo. This could make them "Diageo's largest investor with a holding of about 10%." Analysts have estimated that Cuervo could