Published On: Tue, Nov 20th, 2012

Diageo announces open offer for United Spirits.

 

British spirits major Diageo Plc has decided on a open offer to acquire a 26 per cent stake in Mallya owned United Spirits for Rs. 1,440 per share.  According to the offer document posted in a leading newspaper, the offer period will start on 7 January 2013 and will stay until 18 January 2013. They are many sceptics who believe that Diageo offer will succeed. The acquisition of United Spirits will make major changes in the liquor market and will start a new phase for United Spirits

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Diageo announces open offer for United Spirits.