Distil Takeover Rumours (DIS)

I am still curious to see what our new mystery player is up to. Does anyone have anything new on this? As long as our strong hands maintain their 50%+ holdings then a straight takeover seems unlikely, but he must be buying heavily for some reason. Dr Graham Cooley (5nov)(of Brigantia Capital Ltd) has increased his holding from 11.05% to 12.11% (176,000,000). Unlike Roland Grain, he doesn't (yet) have a seat on our Board. pete

Yeah perhaps a big player will takeover Diageo and then come for Distil if they have same cash leftover?

Diageo takeover on the cards? If a big player is looking to consolidate the drinks industry starting off buy taking out Diageo, maybe they will go on to buy others out too. Valuations for UK listed companies are at bargain basement level and the long wait to the UK Budget at the end of October is just fuelling concerns about potential Capital Gains on Stocks which is keeping valuations down and making some stocks fall, so it is an ideal time for acquisition attempts, although many will be rejected by boards as 'significantly undervaluing the company'. hTTps://www.proactiveinvestors.co.uk/companies/news/1057045/is-diageo-the-next-hot-takeover-target-1057045.html .