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Beam, Inc. (BEAM)

- NYSE
BEAM is defunct.
  • 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.
    | 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.
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  • 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)
    | 3 Comments
  • Nov. 19, 2013, 4:42 PM
    • Diageo (DEO +0.4%) CEO Ivan Menezes says the liquor company "[doesn't] need to" buy Beam (BEAM) because it is expanding its whiskey offerings and launching new brands in the segment. Speculation has circulated that Beam's bourbon brands would complement Diageo's scotch collection.
    • Diageo states it occupies 23% of the North American whiskey market. Bulleit, Diageo's only bourbon offering, is doubling sales every year according to Menezes. And the company plans to launch 2 new brands, Orphan Barrel and Blade & Bow, aimed at the ultra-premium end of the bourbon market.
    | 1 Comment
  • Dec. 9, 2012, 2:56 AM
    Diageo (DEO) reportedly held talks earlier this year with Japanese peer Suntory about joining up to buy bourbon whiskey producer Beam (BEAM) for over $10B. With talks stalling, both companies have held discussions with other potential partners. A bid for Beam, whose market cap is $9.5B, would mark a departure by Diageo from its strategy of acquiring spirits brands in fast-growing emerging markets.
    | 1 Comment
  • Apr. 23, 2012, 3:25 AM
    Beam (BEAM) is set to buy Pinnacle vodka and the Calico Jack rum brand from privately-owned White Rock Distilleries for ~$600M in cash, sources say. An announcement is expected today.
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  • Dec. 16, 2011, 2:18 PM
    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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  • Dec. 16, 2011, 8:10 AM
    AT&T's apparent failure to win approval for its bid to acquire T-Mobile could spell trouble for U.K. liquor giant Diageo's (DEO) reported interest in acquiring Beam (BEAM). Buying Beam would push Diageo's share of the U.S. spirits market, already more than 3x that of its nearest rival, north of 30%, and that might not sit well with regulators suddenly on edge about competitive balance.
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  • Oct. 24, 2011, 6:49 AM
    Jim Beam (BEAM) attracts some interest as an enticing acquisition for large spirits companies such as Pernod Ricard (PDRDY.PK) and Diageo (DEO), according to analysts covering the industry. Recently spun off from Fortune Brands (FO), the company could fetch as much as $59 a share from a buyer due to its strong position in the profitable U.S. bourbon market.
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  • Jun. 30, 2011, 1:56 PM
    Fortune Brands (FO) says that when it spins off its home and security business to shareholders, the remaining spirits company - home to brands such as Jim Beam and Canadian Club - will be renamed Beam, and its NYSE ticker will be BEAM. Fortune is selling its third main business line, golf products, for $1.2B.
    | 3 Comments
  • May 24, 2011, 1:41 PM
    Diageo (DEO) may spend $2B to buy Jose Cuervo (the world's biggest tequila brand) from its family ownership, but while they're talking exclusively, other businesses like Pernod Ricard (PDRDY.PK) are interested as well. Industry shakeups may be ahead as Fortune Brands (FO) plans a split that could sell Jim Beam and Sauza tequila.
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  • May 20, 2011, 8:21 AM
    Fortune Brands (FO) is selling its its Acushnet golf business (Titleist, FootJoy...) to a Korean private-equity firm (owner of Fila) for $1.1B in cash, net of expenses. Fortune says it will use the cash to strengthen its balance sheet and support the planned divestment of Beam and Fortune Brands Home & Security later this year. (PR)
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  • Apr. 29, 2011, 10:36 AM
    Blackstone (BX) is teaming up with Callaway Golf (ELY) for a possible bid for Fortune Brands’ (FO) golf business in a deal that could be worth up to $1B, Reuters reports. Fortune may decide in the end to spin off the golf business instead of selling it outright unless bid prices come in significantly higher than they did in the first round.
    | 1 Comment
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Company Description
Beam Inc is a spirits company that makes and sells branded distilled spirits products in major markets. The Company's segments are North America, Europe/Middle East/Africa and Asia-Pacific/South America.