This morning, Suntory Holdings announced that it had agreed to acquire Beam (NYSE:BEAM) for $13.62 billion, or $83.50 per share. The deal amounts to a 25% premium over Friday's closing price and will be paid in cash to Beam shareholders. Including the debt Suntory will assume, the deal's value swells to $16 billion. The companies said that they expect the deal to close sometime in the second quarter. Shares of Beam were higher by more than 24% on Monday morning.
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