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Diageo to launch a mandatory tender offer to the public shareholders of United Spirits

( November 9, 2012, 15:00 GMT | Official Statement) -- MLex Summary: Diageo and United Spirits Limited announced agreements under which Diageo would acquire a 27.4 percent stake in the Indian spirits company for around £660 million. This acquisition would trigger an obligation on Diageo to launch a mandatory tender offer for a minimum of 26 percent of the issued share capital of United Spirits. The deal is subject to regulatory approvals.The full statement follows:...

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