Diageo share price lifted by billionaire Brazilian bid talk from Jorge Paulo Lemann and 3G Capital June 8, 2015 Shares in Diageo have shot up today following reports the drinks giant is the target of a takeover bid by Brazil's richest man. Jorge Paulo Lemann and his private equity partners at 3G Capital are said to be mulling a buyout, according to local media reports. London-listed shares in the maker of Smirnoff vodka and Johnnie [...]
Diageo battles subsidiary boss Vijay Mallya after financial misconduct probe April 27, 2015 Diageo was forced to hold an emergency meeting over the weekend after the chairman of its Indian subsidiary, United Spirits, was accused of financial misconduct. Vijay Mallya, the former majority stakeholder in United Spirits, was asked to step down by Diageo, which purchased 55 per cent of the company for £1.8bn last year. Mallya is [...]