Beam (BEAM) Takeover Chatter Reignites as Japanese Distribution Partner May Bid

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Diageo (DEO) Says 'So Long' to Legendary Cuervo Brand; May Eye Beam (BEAM) as Replacement

December 11, 2012 12:35 PM EST

Diageo plc (NYSE: DEO) shares are looking a little hungover Tuesday following reports it won't bid to retain its key tequila brand.

The WSJ reported earlier that Diageo will lose distribution rights for Jose Cuervo following expiration of its... More