Dive Brief:

• Japan's Suntory Holdings Ltd. is acquiring Beam, maker of such alcohol brands as Jim Beam and Maker's Mark bourbons, for around $13.62 billion.
• Beam, which distributed Suntory's products in Asian markets like Singapore, will join Suntory's expansive spirits portfolio, which includes Yamazaki and Hakushu whiskies and Midori liqueur.
• The deal's value, including debt, is estimated around $16 billion, with Suntory paying $83.50 per share — 25% above Beam's $66.97 closing price Friday. Estimates place the annual spirits sales for the combined companies beyond $4.3 billion.

Dive Insight:

The deal should close in the second quarter, but still needs Beam stockholder approval. Based on Monday's premarket shares jump, we're guessing it's a go. Beam's current management will continue to operate the company.