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Suntory buying spirits maker Beam for $13.62B
http://www.adn.com/2014/01/13/3270957/suntory-buying-spirits-maker-beam.htmlSuntory buying spirits maker Beam for $13.62B
The Associated Press
January 13, 2014 Updated 1 minute ago
DEERFIELD, Ill. — Beam, the maker of Jim Beam and Marker's Mark alcohol brands, has agreed to be acquired by Japan's Suntory Holdings Ltd. for approximately $13.62 billion.
Shares of the spirits maker jumped in Monday premarket trading.
Suntory has a portfolio of spirits, with whiskies including Yamazaki and Hakushu as well as Midori liqueur and other beverages. It already distributes Beam's products in Japan. Beam distributes Suntory's products in Singapore and other Asian markets.
Suntory President and Chairman Nobutada Saji said in a statement that the acquisition will help Suntory further its global growth.
