Round-Up - Suntory's US$16bn move for Beam Inc
In mid-January, Suntory Holdings and Beam Inc confirmed they had reached a deal for the Japanese group to acquire the US-based spirits firm for US$16bn. Find a full round-up of just-drinks' coverage here
Japan's Suntory Holdings has agreed to acquire US-based spirits firm Beam Inc for US$16bn.
Beam Inc has signalled its intention to delist its stock from the New York Stock Exchange (NYSE) as Suntory's acquisition of the group moves closer.
Suntory Holdings' proposed takeover of Beam Inc has cleared its final major hurdle and is set to close next week.
The shareholders of Beam Inc have voted in favour of Suntory Holdings' proposed takeover offer, with the purchase set to complete by the end of April.
Beam Inc CEO Matt Shattock is in line to make US$40m if his company's proposed takeover by Suntory Holdings goes ahead.
Beam Inc will hold a “special” meeting of its shareholders next month for a vote on Suntory’s planned takeover of the US-based sprits group, but the US$16bn deal is expected to be finalised by April.
Beam Inc has seen its former biggest shareholder significantly reduce his stake in the group, following news of a planned takeover by Japanese firm Suntory Holdings.
Just before January is out, Ian Buxton is here for his first comment piece of 2014, and he's keen to consider what the fist big M&A transacion of the year will mean in the Scotch whisky industry.
Suntory has denied it is bidding to acquire Scotch whisky producer Whyte & Mackay.
Suntory Holdings' corporate slogan is “Yatta Minahara”, which roughly translates as “go for it”, or “take a risk”, according to the New York Times.
The rate of consolidation in the spirits category is markedly slower than that of many consumer industries. So, could the news this week that Suntory is set to buy Beam Inc trigger a wave of M&A? Past transactions suggest not.
Is Diageo really considering leading a counter-bid consortium for Beam?
We've all had a chance to sleep on the big news from Monday, so how do things look in the clarity of the morning?
Beam Inc has dismissed a US law firm’s claims about its conduct involving the proposed US$16bn takeover by Suntory as “baseless”.
The biggest proposed deal in the spirits industry in five years was annnounced yesterday (13 January) with Suntory agreeing to acquire Beam Inc for US$16bn.
Apart from the usual outliers, the consensus on yesterday's momentous news that Suntory Holdings is poised to pay US$16bn for Beam Inc is that the deal will go ahead.
Suntory's proposed US$16bn takeover of Beam Inc is the first publicly-acknowledged attempt to buy the pure-play spirits company since it was formed out of Fortune Brands in 2011. But will it be the first and only chapter in this story?
When Pernod Ricard paid EUR5.69bn for Absolut owner Vin & Sprit in 2008, it was seen as the most expensive major spirits purchase in terms of EBITDA multiples.
Come on, then: Hands up, who saw that coming?
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