Suntory Completes Beam Acquisition
Suntory Holdings Limited and Beam Inc. have announced that Suntory completed the acquisition of all outstanding shares of Beam for $83.50 per share. As a result of the transaction, Beam has today been renamed Beam Suntory Inc. The new company intends to integrate the spirits business of Suntory Liquors Limited before the end of this year. The transaction creates a company with the strong No. 3 position in the global premium spirits market. Beam Suntory will be headquartered in Deerfield, Illinois and led by chairman and chief executive officer Matt Shattock, who has been CEO of Beam since 2009.
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