On December 18, Morgan Stanley lowered its price target on Diageo plc (NYSE:DEO) to 1,530 GBp from 1,595 GBp and kept an Underweight rating on the shares. A day earlier, Diageo announced a major asset ...

EABL is largest beer business in East Africa Deal values business at $4.8 bln, raises $2.3 bln for Diageo World's top spirits maker is selling assets to cut debt Transaction set to complete in second ...

Diageo DGE1.59%increase; green up pointing triangle is to sell its majority stakes in two Kenyan drinks businesses to Japanese brewer Asahi for proceeds of around $2.3 billion. The U.K. drinks group, ...

A&O Shearman and Slaughter and May are in the lead advisory roles for Japanese beer and beverage maker Asahi Group Holdings's $2.3 billion business acquisition in Africa. Asahi has agreed to acquire ...

Diageo is rated Buy, trading at decade lows but poised for recovery via market improvements, cost savings, and a new CEO with turnaround expertise. Despite US and China weakness, DEO expects $3B free ...

Diageo plc has agreed to sell its entire shareholding in East African Breweries PLC (EABL) to Japan’s Asahi Group Holdings, Ltd. The deal, which is subject to regulatory approvals, marks the ...

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Are Diageo (LSE: DGE) shares mega-cheap? Really? Or am I over-egging this? It is Christmas, after all. A time of excess and all that. Maybe I’ve had too many Captain Morgans. Diageo sells that. Yet I ...

Atsushi Katsuki (left), President and CEO of Asahi Group Holdings, and Jane Karuku, EABL Group CEO and Managing Director, meet with EABL staff following the announcement of Asahi’s acquisition of ...

Announcement today of agreement by Diageo to sell to Asahi its 65% shareholding in EABL, and its shareholding in the Kenyan spirits business, UDVK. Disposals consistent with Diageo's strategy of ...

that its $2.3 billion deal for a majority stake in East African Breweries Ltd. was overpriced and may postpone the Japanese company’s share buyback. Asahi was down as much as 7.5% in Tokyo trading, ...

Asahi Group's stock fell Thursday after the brewer said it will buy Guinness maker Diageo's East Africa businesses in a $3 billion deal. Shares of the maker of Asahi Dry, Japan's most popular beer, ...