Shares in the maker of Johnnie Walker whisky and Guinness beer rose as much as 4.5% after the Financial Times first reported the news.
Read More Diageo CEO Crew steps down as company pursues turnaround, cost cutsTag: Nestle
Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy’s Ferrero
The deal, which is Ferrero’s biggest acquisition in recent years, brings legacy brands such as Nutella, Kinder, Tic Tac, Frosted Flakes, Froot Loops and Special K under one roof.
Read More Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy’s FerreroThe Revenge Of Nestle Kills Baby
Several companies must face lawsuit over tainted baby food, US judge rules
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food.
Read More Several companies must face lawsuit over tainted baby food, US judge rules