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Sunday, November 11, 2012

Diageo to buy India's United Spirits for $2B+.

Diageo (DEO) has agreed to acquire a 53.4% stake in India's United Spirits for $2.1B following months of negotiations. The price represents a decent-sized premium, as United Spirits has a market cap of about $3.3B. The transaction should boost Diageo's presence in the world's largest whiskey market.

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