A Chinese tycoon with prominent global winery and vineyard holdings is still waiting to buy a substantial piece of Napa Valley’s Howell Mountain, thanks to a deal gone sour between Pacific Union College (PUC) and an Atlanta real estate developer. Court records indicate that the deal, in which the developer was to spin off part […]
Beam Worth The Premium? Brown-Forman In Play?
January 15, 2014
BofA/Merrill-Lynch’s highly nuanced analyst report on Suntory’s $83.50 all-cash bid for Beam implies some reasoned concern that the offer — which was 25% over Beam’s previous share price — could be too rich for the Japanese spirits giant to recover its investment, at least in the near future. In addition. the firm’s January 13 analyst […]