Suntory Holdings Ltd., which agreed to buy bourbon maker Beam Inc. for $16 billion in January, is in talks for a stake of more than 20 percent in Radico Khaitan Ltd.’s liquor business, a person familiar with the matter said.
This time last year, the chairman and chief executive officer of Israel’s Teva Pharmaceutical Industries Ltd., the world’s biggest generic drugmaker, were foreigners. Miami billionaire Phillip Frost led the board and Jeremy Levin, a South African, was CEO. They were the first non- Israelis to hold those positions.
Asian stocks rose, rebounding from the regional index’s first back-to-back declines in a month, as investors weighed the crisis in Crimea and ahead of the National People’s Congress annual meeting in China starting tomorrow.