Japanese swallow Beam spirits company


In the first major liquor industry deal of the year, Suntory Holdings has made a $US13.6 billion takeover for Beam, maker of Jim Beam bourbon.

Suntory, owner of Frucor Beverages in New Zealand, is offering $US83.50 a share, a 25% premium to the closing price on Friday.

Chicago-based Beam was listed as a pure liquor play after being spun off from Fortune Brands in 2011 while Suntory itself was listed only last year in Tokyo.

The two companies already have links, with Suntory distributing Beam products in Japan and Beam doing likewise for Suntory in Singapore and other Asian markets.

Suntory’s alcohol business includes Midori liqueur. Earlier this month it bought GlaxoSmithKline’s Lucozade and Ribena brands.

Japanese liquor companies have been highly acquisitive on a global scale in recent years, with Asahi owning Independent Liquor in New Zealand and Kirin owning Lion.


2 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

2 Comments & Questions

Commenter icon key: Subscriber Verified

Wonder if the average redneck will realise their Jim Beam is owned by the Japanese and if it will matter?

Reply
Share
  • 0
  • 0

Only if they were in WW11.

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7327 0.0030 0.41%
AUD 0.9211 0.0007 0.08%
EUR 0.6140 0.0029 0.47%
GBP 0.5434 0.0060 1.12%
HKD 5.7285 0.0334 0.59%
JPY 82.1000 0.0490 0.06%

Commods

Commodity Price Change Time
Gold Index 1293.3 2.700 2017-09-22T00:
Oil Brent 56.4 0.330 2017-09-22T00:
Oil Nymex 50.7 0.110 2017-09-22T00:
Silver Index 16.9 -0.040 2017-09-22T00:

Indices

Symbol Open High Last %
NZX 50 7795.4 7814.8 7795.4 0.25%
NASDAQ 6401.4 6429.5 6422.7 0.07%
DAX 12569.7 12646.6 12600.0 -0.06%
DJI 22334.1 22364.3 22359.2 -0.04%
FTSE 7263.9 7320.3 7263.9 0.64%
HKSE 27949.8 27960.9 28110.3 -0.82%
NI225 20413.6 20417.1 20347.5 -0.25%
ASX 5655.4 5688.2 5655.4 0.47%