Diageo shares rocket on Brazilian billionaire buyout rumours

on 08/06/15 at 9:51 am

Industry

diageoThe Diageo stock price rocketed early on Monday on rumours that¬†Brazilian billionaire Jorge Paulo Lemann is looking to buyout the¬†world’s largest producer of spirits.

Shares in the London-listed company jumped by over 8% within the first 10 minutes of trading.