Market Overview

Suntory Holdings to Acquire Beam for $83.50/Share in Cash

Suntory Holdings Limited and Beam Inc. (NYSE: BEAM) today jointly
announced that they have entered into a definitive agreement under which
Suntory will acquire all outstanding shares of Beam for US$83.50 per
share in cash or total consideration of approximately US$16 billion,
including the assumption of Beam's outstanding net debt. The transaction
consideration represents a 25% premium to Beam's closing price of $66.97
on January 10, 2014; a 24% premium to the volume-weighted average share
price over the last three months; and a multiple of more than 20 times
Beam's EBITDA1 for the 12-month period ended September 30,
2013.

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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