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Spirits maker Beam (BEAM -1.6%) buys Cooley Distillery, the only remaining independent...

Spirits maker Beam (BEAM -1.6%) buys Cooley Distillery, the only remaining independent Irish-whiskey distillery, for around $95M, in an all-cash deal that marks Beam's entrance into one of the industry's fastest-growing markets. Under the terms of the deal, the company will offer Cooley's stockholders $8.25 per share for all outstanding shares, and expects to close in Q1 2012.
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