For relaxing times, Suntory buys Jim Beam for $16 billion
January 14th, 2014
10:00 AM ET
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Suntory Holdings, a massive Japanese beverage company, is acquiring American spirits maker Beam for $16 billion, creating one of the largest premium spirits companies in the world.

The all-cash deal values Beam at $83.50 per share, a 25% premium over Friday's closing price.

Shares in Beam shot up in premarket trading Monday after the deal was announced.

Beam is known for its brand-name products, including Jim Beam bourbon, Maker's Mark whiskey and Courvoisier cognac.

The transaction is expected to close in the second quarter of the year, provided it receives all necessary shareholder and regulatory approvals.

Read - Japan's Suntory pays $16 billion for Beam

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Filed under: Business and Farming News • News • Sip • Spirits


soundoff (8 Responses)
  1. Truthâ„¢@Kat

    I see what you did there...

    January 15, 2014 at 10:50 am |
    • Sir Biddle

      I think the joke would be lost in translation for most. Keen eye though!

      January 15, 2014 at 11:05 am |
  2. trqertyertyertwert345234

    PROGRAMCION HUMANA MANIPULACION MENTAL.

    COMO MANIPULAR UNA MUJER PARA TENER.......

    HUMAN PROGRAMATION MENTAL MANIPULATION.

    January 14, 2014 at 3:30 pm |
  3. RC

    Did not know Courvoisier was part of Beam. Always been one of my favorites.
    $16 billion all cash? Yikes!

    January 14, 2014 at 11:50 am |
    • JellyBean.

      Yup a 25% premium. Now it is time to cut costs to pay for the purchase. They'll lay folks off and dilute product.

      January 14, 2014 at 2:29 pm |
      • Jack Daniels

        Well aren't you just a ray of sunshine?

        January 14, 2014 at 2:37 pm |
        • RC

          Pretty safe bet he's right though.....

          January 14, 2014 at 2:46 pm |
    • Ms. Grammar

      Me neither! I love Courvoisier. A snifter (3 fingers) in the evening while reading is a real pleasure.

      January 16, 2014 at 1:36 pm |

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