Suntory Holdings, a massive Japanese beverage company, is acquiring American spirits maker Beam for $16 billion, creating one of the largest premium spirits companies in the world.
The all-cash deal values Beam at $83.50 per share, a 25% premium over Friday's closing price.
Shares in Beam shot up in premarket trading Monday after the deal was announced.
Beam is known for its brand-name products, including Jim Beam bourbon, Maker's Mark whiskey and Courvoisier cognac.
The transaction is expected to close in the second quarter of the year, provided it receives all necessary shareholder and regulatory approvals.
Read - Japan's Suntory pays $16 billion for Beam
I see what you did there...
I think the joke would be lost in translation for most. Keen eye though!
PROGRAMCION HUMANA MANIPULACION MENTAL.
COMO MANIPULAR UNA MUJER PARA TENER.......
HUMAN PROGRAMATION MENTAL MANIPULATION.
Did not know Courvoisier was part of Beam. Always been one of my favorites.
$16 billion all cash? Yikes!
Yup a 25% premium. Now it is time to cut costs to pay for the purchase. They'll lay folks off and dilute product.
Well aren't you just a ray of sunshine?
Pretty safe bet he's right though.....
Me neither! I love Courvoisier. A snifter (3 fingers) in the evening while reading is a real pleasure.