Japan's Suntory to buy U.S. spirits maker Beam for $13.6 billion cash

By Martinne Geller and Olivia Oran

LONDON Mon Jan 13, 2014 3:19pm EST

(Reuters) - Suntory Holdings Ltd on Monday said it would buy U.S. spirits company Beam Inc for $13.6 billion cash in a deal that would make the Japanese company the world's third-largest spirits maker.

Including the assumption of Beam's net debt, the deal is valued at $16 billion. It brings together Beam's Jim Beam and Maker's Mark bourbons, Courvoisier cognac and Sauza tequila with Suntory's Yamazaki, Hakushu, Hibiki and Kakubin Japanese whiskies, Bowmore Scotch whisky and Midori liqueur.

The deal is the latest example of how Japanese beverage companies are seeking to quench their thirst for overseas growth as the population in their home market shrinks.

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http://www.reuters.com/article/2014/01/1...13?feedType=RSS

@Frank Cannon

Don't tell Frank.

Beam of darkness makes objects invisible from a distance

Quote: algernonpj wrote in post #2

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@Frank Cannon

Don't tell Frank.

Beam of darkness makes objects invisible from a distance

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