Diageo share price slides as Kenyan court bid targets $2.3bn Asahi deal
Diageo shares fell 1.4% after Kenyan distributor Bia Tosha filed a lawsuit to block the $2.3 billion sale of East African Breweries to Asahi. The Nairobi court set a hearing for Jan. 9. RBC upgraded Diageo to “outperform” with a 2,000p target. Diageo interim results are due Feb. 25.