Beam Inc. To Swallow Pinnacle Vodka In $605M Deal

Law360, New York (April 23, 2012, 12:29 PM EDT) -- Beam Inc., known for its flagship liquor Jim Beam, will pay $605 million for White Rock Distilleries' Pinnacle Vodka line in an ongoing effort to broaden its reach into the vodka market, the Deerfield, Ill.-based bourbon maker said Monday.

Beam said it expected the cash sale, subject to regulatory approval, to close during the second quarter of this year. A mixture of existing credit and new debt will finance the deal, Beam said.

The Pinnacle Vodka line includes novelty dessert-themed vodkas, such as cookie dough and...
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