Diageo in talks with Cuervo on options
In the spirits industry, where brands rule supreme, takeover frenzy seems to have caught on now that Fortune Brands (Jim Beam, Sauza, Maker’s Mark, Courvoisier) is about to be split up. At the end of May 2011 it was reported that Diageo is in talks with the Mexican Beckmann family and owner of Cuervo on whether to continue distributing the Cuervo tequila brand or to buy it outright. Bankers value Cuervo tequila at USD 3.4 billion.