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Beverages & Wineries M&A image Beverages & Wineries M&A » By The Online Investor Staff, updated Tue., Jul. 7, 11:42 AM Recent mergers and acquisitions in the Beverages & Wineries M&A category.

Slide #7. Suntory Holdings Limited Beam Inc.

Acquirer: Suntory Holdings Limited
Acquiree: Beam Inc. (NASDAQ:BEAM)
Details: Suntory Holdings Limited and Beam Inc. jointly announced that they have entered into a definitive agreement under which Suntory will acquire all outstanding shares of Beam for US$83.50 per share in cash or total consideration of approximately US$16 billion, including the assumption of Beam's outstanding net debt. The transaction consideration represents a 25% premium to Beam's closing price of $66.97 on January 10, 2014; a 24% premium to the volume-weighted average share price over the last three months; and a multiple of more than 20 times Beam's EBITDA1 for the 12-month period ended September 30, 2013. The transaction, which has been unanimously approved by each company's board of directors, is expected to close in the second quarter of 2014, subject to Beam stockholders' approval, regulatory approvals and other customary closing conditions.



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Company Name: 
Beam Therapeutics Inc
Website: 
www.beamtx.com
Sector: 
Biotechnology
Number of ETFs Holding BEAM: 
8
Total Market Value Held by ETFs: 
$13.01M
Total Market Capitalization: 
$1.49B
% of Market Cap. Held by ETFs: 
0.88%
 

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Strong Buy (4.00 out of 4)
97th percentile
(ranked higher than approx. 97% of all stocks covered)
Based on Zacks ABR data;
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