from bloomberg.com: Suntory Holdings Ltd., the closely held Japanese whiskey and beer maker, agreed to buy Beam Inc. (BEAM) for $16 billion including debt to gain brands such as Maker’s Mark whiskey and create the world’s third-largest premium spirits company. Investors in the maker of Jim Beam and Canadian Club liquor will get $83.50 in cash per share, Osaka, Japan-based Suntory said yesterday in a statement. That’s 25 percent above Beam’s closing price Jan. 10. The transaction value includes Beam’s debt, which wasn’t detailed in the statement. The company has $2 billion in long-term borrowings, data compiled by Bloomberg show. Based on Beam’s about 163.1 million shares outstanding, the deal’s equity value would be $13.6 billion.
Leave a Reply
You must be logged in to post a comment.