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Stock Market & Financial Investment News

News Breaks
April 7, 2014
08:34 EDTBFA, DEO, BF.B, BFB, BF.ABrown-Forman eyeing Whyte & Mackay acquisition, Reuters reports
According to three sources, Brown-Forman (BFA, BFB) is considering a second-round bid for Whyte & Mackay, the whisky business that is being sold by United Spirits, Reuters reports. Whyte & Mackay could fetch about $581M in a sale. Diageo (DEO) is currently pursuing the purchase of a controlling stake in United Spirits. Reference Link
News For B;BFA;BFB;DEO From The Last 14 Days
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August 27, 2015
12:50 EDTDEOPeltz rumored to be building stake in Diageo, Harrington says
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August 26, 2015
07:54 EDTBFA, BFBBrown-Forman backs FY16 EPS view of $3.40-$3.60, consensus $3.52
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07:52 EDTBFA, BFBBrown-Forman reports Q1 EPS 75c, consensus 75c
Reports Q1 revenue $900M, consensus $947.08M. Underlying net sales grew 11% in the emerging markets, powered by market share gains in these fast growing markets. The company achieved double-digit gains in underlying net sales in several markets, including Brazil, Mexico, Poland, Turkey, emerging Africa and Ukraine. Russia experienced a double-digit decline as the weak economy and devaluation of the ruble has negatively impacted consumer demand.

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