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Suntory Overseas Thirst Drives Higher Beam Deal Value

Suntory Holdings Ltd. is so eager for overseas growth, it’s willing to pay a top-shelf price for Jim Beam and Maker’s Mark to expand in the fastest-growing part of the global beverage industry.

Japan’s Suntory agreed to acquire Beam Inc. for $16 billion, valuing the U.S. whiskey maker at the fourth-highest takeover multiple in the spirits industry in the last decade, according to data compiled by Bloomberg. That’s left little room for complaint from Beam shareholders. The stock is trading 8 cents below the $83.50-a-share cash offer, showing that investors are likely to approve the deal.