Daily Archive: January 14, 2014
Analysts See Bidding War For Beam As Unlikely
Following yesterday’s blockbuster announcement that Suntory has agreed to acquire Beam Inc. for $16 billion (including $2 billion in debt), the general consensus among analysts is that the high multiple offered, a termination fee included in the deal and other factors make the prospect of a fierce bidding war for Beam unlikely. Continue reading →
Posted in News on January 14, 2014Nevada’s Biggest Casinos Continue To Lose Big
Major casinos in Nevada showed a total loss of $1.35 billion for the fiscal year ended June 30, 2013, marking the fifth consecutive year of losses, according to the Nevada Gaming Control Board. Continue reading →
Posted in News on January 14, 2014Hakkasan Completes Deal To Buy Enlightened Hospitality Group
Global restaurant and nightlife group Hakkasan Ltd. has acquired a controlling stake in Enlightened Hospitality Group (EHGRP), a San Diego-based hospitality development company, as well as the Stingaree nightclub in San Diego. Continue reading →
Posted in News on January 14, 2014News Briefs for January 14, 2014
•Constellation is extending its Svedka vodka brand with two new flavors, Mango Pineapple and Strawberry Lemonade. Continue reading →
Posted in News on January 14, 2014Craft Brewing and Distilling News for January 14, 2014
•Athens, Georgia-based Terrapin Beer Co. is planning to expand its presence in Louisiana and Maryland, as well as add several new markets this year. Continue reading →
Posted in News on January 14, 2014
