Brazil unit of A-B InBev buying Canadian brands for $350M

• Ambev SA -- the Brazilian subsidiary of Anheuser-Busch InBev (NYSE:BUD) -- is paying $350M to buy the Canadian rights to brands owned by Canada's Mark Anthony Group, as well as a brewery in British Columbia.
• The brands include Palm Bay, Mike's Hard Lemonade and Okanagan Cider, and the purchase will be managed by Ambev unit Labatt Breweries.
• Mark Anthony Group makes specialty beers and wines, and is the world's No. 4 maker of low- and no-alcohol beers. The deal is set to close in coming months.