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.
Ryan Goodman has been involved in agriculture all of his life, working on ranches across the country, as well as studying cattle nutrition and reproduction at the college levels. He works daily with farmers and ranchers, helping their voices become part of the national dialogues on food and agriculture topics. You can reach him on Twitter @AgProudRyan, as well as his personal blog, AgricultureProud.com.
Winter storm Ion, polar vortex, or cold outbreak. No matter which term we use to describe this week’s weather across much of the country, it has been downright cold. Most of us are aware of precautions to prepare our homes and pets for the harsh conditions, but how are farmers and ranchers dealing with all of this weather?
Last year we talked about how there is no such thing as a snow day on the farm or ranch. Livestock must still be fed, equipment must still be maintained, and preparations for the next growing season continue. All of that work becomes much more difficult when the mercury drops well below zero degrees.
Bad news sports fans: Some store shelves are running low on Velveeta, right during a prime season for the popular processed cheese, according to a company spokeswoman.
Some consumers may be unable to find Velveeta products in the next couple of weeks, Kraft Foods Group spokeswoman Jody Moore said by e-mail Tuesday. She did not provide any specific reasons for the shortage.
"This is really a short-term situation that is more noticeable during our current period of increased seasonal demand," she said.
Known for its smooth texture that makes it ideal for dips and cheeseburgers, Velveeta is a popular eat for game-watching parties - from college match-ups to the Super Bowl.
General Mills said that it has changed the sourcing of ingredients for its original Cheerios cereal, after an activist group said that the company bowed to pressure and stopped using genetically modified ingredients.
"We switched from what we were using to non-GMO corn and non-GMO pure sugar cane," said General Mills spokesman Mike Siemienas.
Editor's note: LZ Granderson writes a weekly column for CNN.com. A senior writer for ESPN and lecturer at Northwestern University, the former Hechinger Institute fellow has had his commentary recognized by the Online News Association, the National Association of Black Journalists and the National Lesbian and Gay Journalists Association. Follow him on Twitter @locs_n_laughs.
I grew up a poor kid in Detroit.
Government cheese sandwiches, occasional nights without electricity, long-distance telephone calls reserved for emergencies only.
Yet despite our struggles, my family never lost hope that life would get better for us. We never lost faith in the American dream.
It seems that McDonald's has finally realized how tone-deaf its internal employee resource website was. It has shut it down.
The final straw? A tip on the site to employees to avoid McDonald's fare.
A graphic on the site shows a meal with a cheeseburger, fries and drink under the caption "Unhealthy choice." Next to it is a picture of a sub, a salad and water under the caption "Healthier choice."
The latest embarrassment is among a string that's cropped up since the McResource Line website went live.
What would you do if you had to wait 90 minutes for your pizza to be delivered? Stare out the window with sad, hungry eyes? Call in screaming to cancel your order? Take to Twitter to vent your #waitingforever fury? Or take matters into your hands and launch your own pizza delivery store?
Ritesh Doshi, 32, did the latter.
Back in 2011, Doshi, an investment banker whose career had taken him to London, New York and Amman, returned to his native country Kenya to visit his parents. One night, he and his family decided to order out.
"We had to wait for about 90 minutes for the pizza to be delivered," remembers Doshi. "We then ordered again another night from another place and it took 75 minutes," he adds. "You just couldn't get a decent pizza in a reasonable amount of time. So I thought, you know what, anywhere in the world that I've lived and worked you can get a pizza in 35 minutes - so why not in Nairobi?"
Farmers and ranchers are going to take flight to improve the profitability and sustainability of their operations. Unmanned aerial vehicles (UAVs) are on the verge of playing a big part in modern agriculture. In fact, many people expect agriculture to be the top market for UAV technology when, by 2015, the FAA lays out regulations pertaining to the commercial use of these systems.
These Aren’t The Drones You’re Looking For
Rest assured that the farms and ranches of America won’t be putting Global Hawks and Predator drones to work. Agricultural devices will be something carried around in the back seat or bed of a pickup truck used to take photos and videos of farmland.
Karina McClain, a cashier at fast food chain Checkers in New York City, didn't show up for her shift on Thursday.
Instead, the 22 year-old joined about 100 other people outside of a Brooklyn Wendy's restaurant calling for an hourly wage increase to $15 an hour. She was holding a sign that read "Raise pay, live better."
"I have bills to pay and we don't get enough money," said McClain, who makes the federal minimum wage of $7.25 an hour, and works 20 hours a week. Missing out on a day's pay would be hard for McClain, who can barely pay for diapers and clothes for her five-month old daughter Kamayah.