Getting into U.S. election spirit, Jose Cuervo postpones IPO - sources
Mexico's Jose Cuervo, the world's biggest tequila producer, has delayed its planned initial public offering and will wait until after the U.S. presidential election before going ahead, three people familiar with the matter said on Wednesday.
The company, known officially as Becle, announced the IPO in a filing last week, but without saying when it would take place.
Speaking on condition of anonymity, the three people said concern about market volatility around the Nov. 8 U.S. election meant that Cuervo had decided to postpone the listing, which they said had been scheduled for this month.... read more
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