Beam being acquired by Japan's Suntory
POSTED: Wednesday, January 15, 2014 - 8:00am
UPDATED: Wednesday, January 15, 2014 - 8:14am
$13.62 billion deal would create third largest global premium spirits business
New York — The Houston Chronicle is reporting; the maker of classic American whiskeys Jim Beam and Maker's Mark has agreed to be acquired by a Japanese company in a $13.62 billion deal that would create the third largest global premium spirits business.
Shares of Beam Inc. rose 24 percent on Monday after it said that it agreed to be purchased by Suntory Holdings Ltd., a Japanese beverage company. The combined company would have annual sales of more than $4.3 billion.