Diageo, the maker of Guinness stout and Johnnie Walker whisky, surged in early London trading on a report that Brazilian billionaire Jorge Paulo Lemann is considering a takeover bid.
Lemann and other executives are in early stages of mulling an acquisition, according to Veja columnist Lauro Jardim. A spokeswoman in Brazil for Lemann declined to comment, as did a representative for London-based Diageo.
Diageo shares rose 8.7 per cent to 1,914 pence at 8:05 a.m.,...
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