BEVCOMMUNITY

Connect with the local beverage industry. Trade news, trends and insights.

Beams Announces Regulatory Hurdle Cleared for Proposed Acquisition by Suntory

By March 6, 2014Top News

Beam Inc. today announced that the U.S. Federal Trade Commission has granted early termination of the Hart-Scott-Rodino Act waiting period to review the proposed acquisition of Beam by Suntory Holdings.The transaction remains subject to regulatory clearance in the European Union, the approval of Beam stockholders and customary closing conditions. A special meeting of Beam stockholders has been scheduled for Tuesday, March 25, 2014 to consider and vote on the transaction. The proposed acquisition of Beam by Suntory Holdings was announced on January 13, 2014.

« | »