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South Africa clears MegaBrew deal

Jun. 30, 2016 6:40 AM ETAnheuser-Busch InBev SA/NV (BUD) StockTAP, SBMRY, BUD, CRHKYBy: Yoel Minkoff, SA News Editor
  • AB InBev's (NYSE:BUD) roughly $108B takeover of SABMiller (OTCPK:SBMRY) has been cleared by South Africa’s Competition Tribunal, leaving only two more approvals before the deal can close.
  • To appease U.S. and Chinese regulators, AB InBev has agreed to sell SABMiller's interest in MillerCoors to Molson Coors (NYSE:TAP) and CR Snow to China Resources Beer Holdings (OTCPK:CRHKY).

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