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Diageo Launches Offer for India’s United Spirits Limited

By April 15, 2014Top News

Diageo launched a tender offer of $1.9 billion to the public shareholders of India’s United Spirits Limited (USL) to acquire up to 37,785,214 shares in USL, or 26% of the company’s fully diluted issued share capital on April 15, 2014. Diageo already owns 28% of shares. The deal would give it majority stake and extend its reach into the world’s largest whisky market.

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