Drinkhacker Reads – 01.23.2014 – Beam Investor Sues Over Takeover
As previously speculated, all is not going to swell in the Beam-Suntory transition land. Bloomberg is now reporting that an investor is filing suit against Beam alleging the transaction undervalues the company. The suit is being spearheaded by Beam’s largest shareholder, hedge fund manager Bill Ackman, who lost a pretty hefty sum recently with investments involving JC Penney and Herbalife. Attorneys for Ackman argue the suit is baseless and without merit. This could get ugly. [Bloomberg]
After an 80-year absence on the market, Dunville Irish Whiskey is making its return. The relaunch comes courtesy of Echlinville Distillery, which received an all-systems-go clearance to distill last year. Some very limited shipments are currently making their way to key markets in the U.S., Europe, and the UK, with a wider release being planned in subsequent years. [Irish Times]
Jelly Belly has introduced a new flavor we’ve all been craving: beer. The company will be launching an ale flavor resembling a Hefeweizen, which will be in stores sometime this year. The process to perfect this taste? Three years in the making. Let’s see if we can score a bag and find out if they’re worth the wait. [CBC]
And finally today: researchers in Spain are using high-def slow motion cameras to figure out why beer foams up. Now if they can only figure out why people are so attracted to the Kardashian family, flavored vodkas, and Mumford and Sons. [The Guardian]
About Post Author
