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Suntory completes Jim Beam buyout

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Japan's Suntory Holdings said Thursday it had completed a nearly $16 billion buyout of the firm behind Jim Beam bourbon, creating the world's third largest high-end spirits maker and giving it a foothold in the major US liquor market. 

Japanese drink giant Suntory's whisky Hakushu (R), Yamazaki (2nd R), Hibiki (3rd R) and US beverage giant Beam's bourbon whisky Jim Beam (3rd L), Maker's Mark (2nd L), Laphroaig are displayed at Suntory's office in Tokyo on January 14, 2014

Suntory has acquired all outstanding shares of Beam Inc. for $13.8 billion while taking on $2.0 billion of the US-based firm's debt.

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