date:Dec 12, 2012
d Diageo had held talks with Japanese brewer Suntory over a joint bid for Beam worth over $10 billion. Diageo declined to comment.
Whether Diageo was just using the threat of buying Beam as a bargaining tool with Cuervo is hard to say. But now the market will probably ascribe a higher probability that Diageo will take a look closer at Beam's portfolio, said analysts at Davy.
Some analysts, however, have said Diageo may not want to pay the price Beam would command, while anti-trust regulators m