Shares of the spirits maker rose in Monday premarket trading.
Suntory will pay $83.50 per share, a 25 percent premium to beam's Friday closing price of $66.97. The companies put the deal's value at about $16 billion, including debt.
Suntory has a portfolio of spirits, with whiskies including Yamazaki and Hakushu as well as Midori liqueur and other beverages.
Suntory already distributes Beam's products in
Both companies' boards unanimously approved the transaction, which is targeted to close in the second quarter.
It needs approval from beam inc. stockholders.
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