Suntory Beverage & Food Ltd ADROTCPK - Current
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  • Jan. 15, 2014, 9:37 AM
    • Liberum thinks a consortium led by Diageo (DEO -1.6%) will come in with a bid to top the $16B Suntory (STBFY) is willing to pony up for Beam (BEAM).
    • The interesting part of the equation for Diageo is that if it partners up it can end up only buying the strategic bourbon and tequila lines which would lead to significant synergies.
    | Jan. 15, 2014, 9:37 AM | 2 Comments
  • Jan. 13, 2014, 2:22 PM
    • Analysts see the 25% premium that Suntory (STBFY) paid to acquire Beam (BEAM +24.3%) as a fair price that might limit any other bidders from jumping in.
    • For Suntory, the deal is all about bourbon and striking a presence in the United States. After sitting with a market share of less than 1%, Suntory will suddenly be a major player in the U.S.
    | Jan. 13, 2014, 2:22 PM
  • Jan. 13, 2014, 7:17 AM
    • 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)
    | Jan. 13, 2014, 7:17 AM | 3 Comments