Deal will create a strong global player in premium spirits with annual net sales of spirits products exceeding $4.3 billion.
January 15, 2014
January 14/Osaka, Japan, and Deerfield, Ill./ Press Release-- Suntory Holdings Limited and Beam Inc. jointly announced that they have entered into a definitive agreement under which Suntory will acquire all outstanding shares of Beam for US$83.50 per share in cash or total consideration of approximately US$16 billion, including the assumption of Beam’s outstanding net debt.
The FDA has issued a “No Objection” letter regarding the use of Rebaudioside M (Reb M) as a general purpose sweetener for foods and beverages in the United States.
January 3, 2014
The company claims that high-purity Reb M (also known as Reb X) “has a closer taste to table sugar than previous stevia ingredients.