Jan 17th - Suntory has JPY300bn M&A war chest

Suntory Holdings CEO has revealed that his company has a 
JPY300bn war chest available for acquisitions, following a 
failed merger attempt with Kirin back in 2009-2010. The 
company's last major acquisition was France's Orangina 
Schweppes. The CEO has said that he wants to raise income 
levels earned overseas to 25%, up from 23% today, and to 
move overall sales to JPY2trn by 2013, up from JPY1.75trn 
today.