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Remy Cointreau shares soar on talk of Brown-Forman interest

By Dominique Vidalon PARIS (Reuters) - Shares in Remy Cointreau <RCOP.PA> surged on Friday on speculation that Brown-Forman <BFb.N>, the U.S. maker of Jack Daniel's whiskey, was eyeing the French cognac producer, though prospects of a near-term deal looked slim.

With cheap money available, Japan Inc. seen to follow Suntory's M&A path

By Ritsuko Ando TOKYO (Reuters) - More Japanese companies are expected to follow Suntory Beverage & Food Ltd <2587.T> in acquiring overseas companies to gain a foothold in faster-growing markets even as global economic uncertainty and a weaker yen temper deal-making. Japan's slow domestic growth and cash-heavy balance sheets, together with declining birth rates and an ageing society, have encouraged outbound acquisitions by companies in a broad range of sectors from consumer and retail to finance and electronics.

Suntory's $16 bn bid for Beam a 'big risk'

Suntory Holdings' proposed $16 billion buyout of the firm behind Jim Beam bourbon would mark its biggest foreign trophy yet, but analysts warn it will burden the Japanese drinks giant with heavy debt -- and may stoke a bidding war. The eye-popping bid by Beam Inc. would vault Suntory to number-three in the global liquor market, and marks the latest foreign acquisition by the family-owned firm as it looks abroad to head off a declining domestic market.

Japan's whisky makers drum up global market for their drams

By Sophie Knight and Ritsuko Shimizu TOKYO (Reuters) - After years of being overshadowed at home and practically unheard of overseas, Japan's whisky distilleries are expanding capacity as their malts become serious contenders against Scottish and Irish brands. Exports are booming at Nikka, owned by Asahi Group Holdings, and at Suntory Holdings, which is ramping up production at its Yamazaki distillery for the first time in 45 years as domestic sales recover from a prolonged slump.

Japan's Suntory to buy GSK drink brands for $2.1 billion

Japanese drinks giant Suntory Holdings said Monday it would buy the Lucozade and Ribena brands from British drugs firm GlaxoSmithKline for $2.1 billion. The deal, part of Suntory's bid to expand overseas to counter a shrinking domestic market, was expected to be completed by the end of the year, Suntory said. bur-pb/lm

Suntory unit shares rise 1.45% in Tokyo debut

Shares in Suntory's food-and-beverage unit closed 1.45 percent higher on their Tokyo debut Wednesday, after the Japanese drinks giant raised about $3.9 billion in the world's second-biggest initial public offering this year. The firm, which owns the Orangina brand and distributes a range of foreign products in Japan including Pepsi and Jim Beam bourbon, spun off the lucrative unit as it eyes more foreign acquisitions. The sale followed a string of overseas deals aimed at offsetting a shrinking market at home.

Shares in Japan's Suntory unit in modest rise on debut

Shares in Suntory's food-and-beverage unit rose modestly on their market debut Wednesday, gaining more than two percent after the biggest initial public offering in Japan this year. Suntory Beverage & Food stocks started up 0.65 percent at 3,120 yen against their initial public offering (IPO) price of 3,100 yen. They extended the gain to 2.58 percent after the first 30 minutes of trading in a broader market moving downwards. The benchmark Nikkei 225 index was off 0.12 percent.

Suntory unit shares to start trading in Tokyo

Shares in Suntory's food-and-beverage unit were to start trading on the Tokyo Stock Exchange Wednesday morning after the biggest initial public offering in Japan this year. The Japanese drinks maker said last month it had raised 387.5 billion yen ($3.9 billion) in its share sale after a string of overseas acquisitions aimed at offsetting a shrinking domestic market. About 125 million shares were sold at 3,100 yen apiece in the privately held company's Suntory Beverage & Food unit. The pricing was at the low end of a range announced in May.

Japan's Suntory says key unit raises $3.94 bn in IPO

Japanese drinks giant Suntory said Monday that a sale of shares in its food-and-beverage unit raised a less-than-expected $3.94 billion, but the IPO is still set to be the biggest on the Tokyo Stock Exchange this year. The share sale comes after Suntory, one of Japan's biggest brewers and non-alcoholic drinks makers, embarked on a string of overseas acquisitions as part of its bid to offset a shrinking domestic market.

Japan's Suntory says key unit raises $3.94 bn in IPO

Japanese drinks giant Suntory said Monday that a sale of shares in its food-and-beverage unit raised a less-than-expected $3.94 billion, but the IPO is still set to be the biggest on the Tokyo Stock Exchange this year. About 125 million shares were sold in the privately held company's Suntory Beverage & Food unit, an initial public offering valued at 387.5 billion yen based on a sale price of 3,100 yen per share. Suntory had previously said the listing could fetch as much as 475.76 billion yen, or 3,800 yen per share.
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