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SUNTORY DEAL APPROVED BY BEAM SHAREHOLDERS

By March 31, 2014Top News

Beam, Inc.Beam, Inc. shareholders approved the company’s deal to be acquired by Suntory for $16 billion in a March meeting. Under the agreement, Beam stockholders will receive $83.50 a share upon the closing of the transaction, representing an increase of 106% since Beam began trading as a standalone spirits company in October 2011. The deal remains subject to European Union regulatory approval and customary closing conditions.

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