Diageo Puts Cap on Tequila Talks

Diageo Puts Cap on Tequila Talks

Mexico M&A

Diageo has pulled out of talks to buy a stake in Mexico’s Jose Cuervo, it says, after the two companies had been discussing price for more than a year. Cuervo, with a value estimated at $3.5bn-3.5bn, has a distribution deal with Diageo due to end in

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