26th Mar 2008 07:01
Diageo PLC26 March 2008 26 March 2008 Proposed 50/50 company for Ketel One with Nolet update The Federal Trade Commission (FTC) has made a request for additional informationunder the U.S. Hart-Scott-Rodino Antitrust Improvements Act (HSR) in connectionwith Diageo's agreement with the Nolet family to form a 50/50 company for thesale and distribution of Ketel One vodka products. The request, commonlyreferred to as a "second request", will extend the waiting period imposed by HSRuntil, at the latest, 30 days after Diageo has substantially complied with thesecond request. Diageo will comply with the second request as expeditiously aspossible and will continue to cooperate fully with the FTC's review. As previously announced, completion of the transaction requires regulatoryapproval from the FTC. The waiting period can be extended voluntarily by theparties or terminated sooner by the FTC. No further announcement will be made until completion of the transaction. -ends- For further information please contact Investor RelationsSarah Paul (UK) Kelly Padgett (US)+44 (0) 20 7927 4326 +1 202 715 [email protected] [email protected] Media RelationsIsabelle Thomas (UK) Rachel Rosenblatt (US)+44 (0) 20 7927 5967 +1 212 850 [email protected] [email protected] Notes to Editor Diageo is the world's leading premium drinks business. With its global vision,and local marketing focus, Diageo brings to consumers an outstanding collectionof beverage alcohol brands across the spirits, wine and beer categoriesincluding Smirnoff, Guinness, Johnnie Walker, Baileys, J&B, Cuervo, CaptainMorgan and Tanqueray, and Beaulieu Vineyard and Sterling Vineyards wines.Diageo trades in some 180 countries around the world and is listed on both theNew York Stock Exchange (DEO) and the London Stock Exchange (DGE). For moreinformation about Diageo, its people, brands and performance, visit us atwww.diageo.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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