Diageo (NYSE:DEO) is said to have held talks with Suntory in the spring and summer regarding collaboration on its acquiring Beam (NYSE:BEAM), a subsidiary based in the United States. The former, whose brands include Smirnoff, Guinness, and Baileys, is the world’s biggest whisky distiller, but is interested only in a certain number of Beam’s brands, including the bourbon whisky Jim Beam. It is thought that working with a partner on a joint bid would help Diageo get past the possible competition steps with regulators.
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Delta Air Lines (NYSE:DAL) and Virgin Atlantic will form a partnership on transatlantic flights after the former secures a deal to purchase Singapore Airlines’ (SINGY.PK) 49 percent interest in the latter, according to an inside source to Virgin. Richard Branson, the founder of Virgin Atlantic, said that he is “concentrating on working with Delta” if the the carrier successfully acquires Singapore’s stake, but that he is not looking to divest any of his own 51 percent for now, even though weekend reports had it that Air France-KLM (AFLYY.PK), which also works with with Delta on certain transatlantic routes, was in discussions to purchase part of Branson’s interest. Such an arrangement would give Delta and Air France-KLM control over Virgin Atlantic.
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