Deerfield, IL, March 5, 2014 – Beam Inc. (NYSE: BEAM) 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.
"This is another important step towards completing the acquisition of Beam for $83.50 per share, and the transaction remains on track to close in April," said Matt Shattock, president and chief executive officer of Beam Inc.
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 13th.