Jan
13
Japanese Firm Buys Beam for $16 Billion, Creating New Spirits Giant
Posted in: UncategorizedSuntory Holdings, the closely held Japanese whiskey and beer maker, said it will buy Beam Inc. for $16 billion to gain brands such as Maker’s Mark whiskey and create the world’s third-largest premium spirits company.
Shareholders in the Deerfield, Ill.-based maker of Jim Beam and Canadian Club liquor will receive $83.50 in cash per share, the Tokyo-based company said today in a statement. That compares with Beam’s last closing price of $66.97.
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