SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Beam Inc. (NYSE: BEAM) breached their fiduciary duties in connection with the proposed merger with Suntory Holdings Limited.
On January 13, 2014, Beam announced that they had entered into a definitive merger agreement to be acquired by Suntory Holdings. Pursuant to the terms of the merger agreement each outstanding share of Beam common stock will receive $83.50 per share in cash, with a total value of approximately $16 billion.
The investigation concerns whether Beam’s board members failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock.
If you are Beam shareholder and would like additional information concerning your legal rights, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-230-0063.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.