Anheuser-Busch higher following Oriental Brewery purchase

Shares of Anheuser-Busch InBev (BUD) trade higher after the global brewer buys Oriental Brewery for $5.8B.

Oriental Brewery is the largest South Korean brewer and already distributes A-B brands in the region. Analysts see immediate synergies after the deal closes sometime later this year.

BUD +3.1% premarket

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