Beer industry shakeup: SABMiller (SBMRY.PK) trades 2.4% lower in London after Anheuser-Busch...

|About: SABMiller plc ADR (SBMRY)|By:, SA News Editor

Beer industry shakeup: SABMiller (SBMRY.PK) trades 2.4% lower in London after Anheuser-Busch InBev (BUD +0.8%) closes in on a deal to acquire Mexican brewer Grupo Modelo for more than $12B. A deal would also bring about an even closer relationship between A-B InBev and Constellation Brands (STZ +13.5%) through an existing joint venture between Modelo and Constellation over distribution. Shares of BUD are currently halted pending news.