Talks on Diageo and LVMH Continue

Dear Client:Several publications, including The Daily Telegraph which broke the story, say talks between Diageo and bankers are continuing despite LVMH’s denial yesterday. Sources reportedly told The Daily Telegraph that LVMH’s statement referred to later reports that claimed talks between LVMH and Diageo had already begun. We had a feeling that’s where LVMH was going with its denial. The Daily Telegraph says shareholders believe the pros outweigh the cons, with one saying: "The deal has made sense for Diageo for