NEW YORK, Jan. 13, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders throughout the nation, announces that it is investigating the acquisition of Beam, Inc. on behalf of shareholders. Suntory Holdings Limited and Beam Inc. (BEAM) 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 investigation concerns whether the senior management and board of directors of Beam breached their fiduciary duties by not engaging in a full and fair auction and process to sell the company so that shareholders received the maximum value for their shares while not, at the same time, seeking personal benefits for their own self interests in accepting this offer. Indeed, the President and CEO and other senior management announced that they will maintain their current positions in managing the company going forward..
If you are a shareholder of Beam and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC is a leading securities and shareholder rights law firm that has extensive experience in mergers and takeovers, and has assisted in the recovery of millions of dollars for shareholders around the globe. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC