Publication: Bloomberg Businessweek
Title: Jim Beam Inviting Biggest Liquor Takeover Since 2005: Real M&A
Article by: Devin Banerjee and Duane D. Stanford
Bloomberg News reports that Jim Beam could be sold to Pernod-Ricard SA or Diageo Plc. If this prediction is correct, it would be the biggest spirits acquisition in six years.
The liquor company Beam Inc. formed as a result of the breakup of Fortune Brands Inc. this year. If Beam Inc. was to be taken over, it would be worth approximately $59 a share.
According to Bloomberg News:
“With bourbon sales outpacing vodka in the U.S. as drinking at home increases, Beam’s command of a third of the domestic market with Jim Beam and Maker’s Mark may lure Pernod, Europe’s second-biggest distiller, or Diageo, the world’s largest spirits company, said Davenport & Co. and Goldman Sachs.”