Whiskey maker Beam is buying vodka and rum brands from privately held spirits company White Rock Distillers, a deal that nearly doubles Beam’s presence in the vodka market and upscales its top shelf, but could sober up shareholders betting that a takeover offer is coming. Read More
Usually the whole is greater than the sum of its parts — not to investment guru Mario Gabelli. The CEO of Gamco Investors told CNBC Monday he wants to invest in companies that have a history of splitting off successful businesses and then invest in both companies. Read More