International News - Page 5

Diageo won't get much out of its inquiry: Blame is on shoddy due diligence of United Spirits

10 years ago

Diageo had gone for merger given the fact that the Indian legal system gives mergers a better protection than it gives to takeovers. Amalgamation or merger has to have the High Court approval whereas takeover needs nobody's approval save compliance with the public offer mandate of SEBI takeover regulations at a price determined by the regulations.<br />

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