Suntory to buy Beam in $16B deal

|About: Suntory Beverage & Food L... (STBFY)|By:, SA News Editor

Suntory (STBFY) agrees to acquire Beam (BEAM) for $16B, including debt.

The offer values Beam at $83.50 a share, representing a 25% premium to Beam's closing price of $66.97 on Friday.

Beam shares +17%. (PR)