Seeking Alpha
Editor's notes: Investment banker Rahul Jaisingh looks at a potential takeover of BEAM and finds the company's metrics leave room for a higher bid.

Beam (BEAM) is a leading global premium spirits company that has a number of global iconic brands. Its portfolio consists of brands it classifies as Power Brands, Rising Stars, Local Jewels and Value Creators. In late 2010, the Company announced a plan to separate its Home & Security, Golf and Spirits business segments. The Company completed the sale of the Golf business in July 2011 and completed the tax-free spin-off of the Home & Security business in October 2011. Following the completion of the Spin-Off, the Company became a standalone spirits company. Since then, there has been speculation about a potential takeover of Beam. A number of analysts believe that the Company's rich valuation at 23x Price /...

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