Japan-based alcohol distillery Suntory announced a major acquisition plan of US-based whiskey giant Jim Beam, a deal reportedly made for $13.6 billion and one that could throw Suntory to the third-top spot of world’s largest sprits makers.
Should Suntory acquire Jim Beam’s current debts, the value spikes to $16 billion, say reports.
The deal would involve Jim Beam and Maker’s Mark bourbon, Courvoisier cognac and Sauza tequila businesses, combined with Suntory’s whisky and liquor operators. Reports say the deal represents the latest boost in major M&A activity in the world’s alcohol industry; reports say the acquisition, subject to regulatory clearance, would be the third-largest outbound merger transaction in Japan’s history.
Full Content: Reuters
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