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Diageo's open offer for United Spirits attracts few takers

May 16, 2013

Diageo received just a fraction of the shares it had offered to buy in United Spirits from public shareholders as the offer price was significantly lower than the stock's market value. #StockWatch #Vijay Mallya #Diageo #United Spirtis
United Spirits to be one of best consumer stories, says Nomura

Apr 10, 2013

Nomura maintained its "buy" rating and target price of Rs 2,200 on United Spirits saying Diageo's deal to buy a controlling stake in the Indian spirits maker "remains on track" with all regulatory approvals in place. #Nomura #ExpertView #Diageo #United Spirits
Getting USL: United Breweries may hold the key for Diageo

Apr 08, 2013

Banks are desperately trying to recover as much as possible from the grounded Kingfisher Airlines, which has a Rs 7,500 crore loan outstanding with them. #stake sale #Diageo #Kingfisher Airline #United Spirits #United Breweries

Wire

Sify
Mallya prepares for 10% preferential allotment to Diageo

2013-05-20 20:10:00

As part of the multi-pronged Rs 11,165-crore agreement between Diageo and Mallya in early November 2012, the former was to get 12.8 per cent stake from UBH's holdings in USL. And, another 6.5 per cent by buying treasury shares in USL. "At the end of all #Diageo plc #India #London
Rediff
USL open offer: Diageo gets hardly half a per cent

2013-05-16 07:18:00

Diageo Plc’s move to acquire up to 26 per cent in India’s leading whisky maker United Spirits Ltd [ Get Quote ] (USL) through an open offer has failed on expected lines. Diageo got 0.4 per cent, or a little over 58,000 shares, through the offer. The offe #Diageo plc #India #Vijay Mallya
Moneycontrol.com
Investors cold shoulder Diageo's United Spirits open offer

2013-05-16 03:20:00

Of 3.8 crore shares of United Spirits that were on offer, shareholders tendered just 64,169 shares and only 58,688 scrips were accepted, according to a regulatory filing. Diageo had offered to buy shares at a price of Rs 1,440 per piece. Like this story, #Diageo plc #Vijay Mallya #Smirnoff

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