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Sunday, March 20, 2011

Diageo considers $2 billion bid for Jose Cuervo -paper, (DGE), (BARC), (PERP)

British drinks group Diageo (DGE.L) is considering a $2 billion bid for tequila brand Jose Cuervo, the Sunday Times said in an unsourced report. The Sunday Times said the Beckmann family was in talks to appoint Barclays (BARC.L) to explore a possible sale of all or part of the Jose Cuervo brand. It added that other companies which might be interested in Jose Cuervo included Bacardi, Pernod Ricard (PERP.PA) and Brown-Forman (BFb.N). Diageo officials could not be reached for comment on the report. (Reporting by Sudip Kar-Gupta; Editing by Alexander Smith)