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Sunday, March 20, 2011

Diageo seen considering $2 billion Jose Cuervo bid, (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).