Diageo Jumps The Most Since 2008 On Takeover Chatter

Shares in Diageo PLC jumped 7.5% on the FTSE 100 on Monday, setting them on track for their best daily performance since 2008, after reports that Brazilian billionaire Jorge Paulo Lemann's buyout company 3G is considering a bid for the British alcohol company. The report came out late Friday, pushing the U.S.-listed Diageo shares 8% higher in the North American session. Diageo's brands include Johnnie Walker, Guinness and Smirnoff.