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Stock Market & Financial Investment News

News Breaks
January 21, 2013
11:43 EDTBEAMBeam to sell a collection of brands, related inventory to Luxco for $65M
Beam and Luxco, a leading producer, importer and marketer of beverage alcohol products announced a definitive agreement for Beam to sell a collection of brands, including related inventory, to Luxco. The brands included in the transaction are Wolfschmidt vodka, Calvert (Lord Calvert Canadian, Calvert Extra, and gin), Bellows (blended whiskey, Bourbon, gin, rum, Scotch and vodka), Dark Eyes vodka, Canada House Canadian, and Tempo Triple Sec. The brands, distributed in North America, generated 2012 revenues of approximately $30M (excluding excise taxes) and volumes of approximately 1.8 million cases. The purchase price is approximately $65M
News For BEAM From The Last 14 Days
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April 24, 2014
17:19 EDTBEAMUnder Armour to replace Beam in S&P 500 as of 4/30 close
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April 22, 2014
16:35 EDTBEAMBeam intends to delist and deregister common stock
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08:31 EDTBEAMEU approves Suntory's proposed acquisition of Beam
Beam announced that the European Commission has given regulatory clearance to the pending acquisition of Beam by Suntory Holdings. Upon completion of the $16B transaction, each share of Beam common stock will convert into the right to receive $83.50 in cash.“Regulatory clearance from the European Commission paves the way to complete the transaction with Suntory Holdings next week,” said Matt Shattock, president and CEO of Beam. “We have been working with Suntory to help ensure a smooth integration as we create the world’s #3 premium spirits company, which will possess a dynamic portfolio across key categories, powerful global routes to market, and strong innovation capabilities. Our portfolios and operations are highly complementary, so we’ll be focused on sustaining our momentum and generating sales synergies as we bring our companies together.” The transaction, which has been approved by Beam shareholders, remains subject to customary closing conditions. The companies now expect that the acquisition will be completed on April 30 in the United States, and as a result, Beam expects that its shares will no longer trade on the New York Stock Exchange effective at the end of trading on that day.
April 19, 2014
20:58 EDTBEAMBeam says CFO Robert Probst resigning ahead of Suntory acquisition
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April 17, 2014
16:12 EDTBEAMPershing Square cuts stake in Beam to 3.4% from 5.5%
April 15, 2014
17:14 EDTBEAMPershing Square lowers stake in Beam to 5.5% from 7.1%
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10:29 EDTBEAMOptions with increasing implied volatility: YOKU CWH BEAM
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