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Anheuser-Busch Inbev SA/NV (BUD)

  • Today, 10:50 AM
    | Today, 10:50 AM | Comment!
  • Sun, Nov. 29, 11:03 AM
    • Anheuser-Busch InBev (NYSE:BUD) is aiming to head off European regulatory concerns over its proposed acquisition of SABMiller (OTCPK:SBMRY) by putting the Peroni and Grolsch labels that it would gain up for sale.
    • No price for the brands has yet been indicated, but according to the Sunday Times, the sale would fetch billions of pounds.
    • Potential buyers include Heineken (OTCQX:HEINY), Molson Coors (NYSE:TAP) and Ireland's C&C Group (OTCQX:CCGGY), makers of Bulmers and Magners ciders.
    • Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
    | Sun, Nov. 29, 11:03 AM | 7 Comments
  • Thu, Nov. 19, 11:12 AM
    • Anheuser-Busch InBev (BUD -0.7%) will get a crack at kicking the tires of Coca-Cola (KO +1.7%), according to Nomura analyst Ian Shackleton,
    • The line of reasoning goes that if AB InBev is in the door as a distribution partner (small due to Pepsi contracts) of Coca-Cola, then it can evaluate long-term merger potential. The strategy would be similar to how InBev gained access to Anheuser-Busch through a distribution partnership before the two beer giants combined.
    • A Coca-Cola/SABMiller/AB-InBev confluence would break some M&A needles if it was ever pulled off with the three beverage giants claiming a combined market cap of $482B.
    • For the record, Nomura has been pushing out Coca-Cola buyout propositions for quite a while. Last year, it speculated on a Buffett/3G Capital acquisition. 3G of course is rather friendly with AB-InBev.
    • Shares of Coca-Cola are active today, due in part to the rocket ride for Keurig Green Mountain following its earnings report.
    | Thu, Nov. 19, 11:12 AM | 15 Comments
  • Mon, Nov. 16, 7:59 AM
    | Mon, Nov. 16, 7:59 AM | 1 Comment
  • Thu, Nov. 12, 3:21 AM
    • Just a day after sealing its MegaBrew deal, SABMiller (OTCPK:SBMRY) reported higher underlying sales and beverage volume for the second quarter, although EBITA fell 11% to $2.9B in the six months through September.
    • "We had a good first half, stripping out the effects of adverse exchange rates," Chief Executive Alan Clark said.
    • Meanwhile, AB InBev (NYSE:BUD) is lining up a $75B loan package to fund its acquisition of SABMiller, an arrangement that will likely save the brewing behemoth millions of dollars in fees.
    • Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
    | Thu, Nov. 12, 3:21 AM | 1 Comment
  • Wed, Nov. 11, 11:07 AM
    • There are some gentle gains across the beer sector after Anheuser-Busch InBev (BUD +1.1%) and SABMiller (OTCPK:SBMRY +2.2%) formalize their merger plan.
    • Heineken (OTCQX:HEINY +1.6%), Molson Coors (TAP +0.7%), Ambev (ABEV +0.9%), Carlsberg (OTCPK:CABGY +5.9%), Craft Brew Alliance (BREW +1.8%), and Boston Beer (SAM +0.2%) are showing increases of varying degrees.
    • Most analysts think the beer giants will make the necessary concessions to appease regulators in the U.S. and China. On SA, Chris DeMuth says the deal will extend the reach of the best operators in the business.
    • Molson Coors in particular is widely identified as a winner in the deal through its pickup of a full stake in MillerCoors. Still to play out is what beer company makes a bid for SABMiller's position in CR Snow in China. China Resources Beer Holdings (OTCPK:CRHKY, OTC:CRHKF) is the 51% owner of the alluring JV.
    • Previously: Molson Coors sees huge synergies down the road from MillerCoors deal (Nov. 11 2015)
    • Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
    | Wed, Nov. 11, 11:07 AM | 2 Comments
  • Wed, Nov. 11, 3:52 AM
    • AB InBev (NYSE:BUD) has submitted a formal offer to buy SABMiller (OTCPK:SBMRY) for £69.78B ($105.5B), a deal that creates a brewing behemoth and one of the largest mergers in corporate history.
    • Under terms of the agreement, SABMiller will sell a 58% stake in its MillerCoors joint venture to partner Molson Coors (NYSE:TAP) for $12B.
    • A combined AB Inbev/SABMiller would have controlled close to 70% of the U.S. beer market, so the sale of the U.S. division was seen as a concession to competition authorities.
    | Wed, Nov. 11, 3:52 AM | 17 Comments
  • Tue, Nov. 10, 6:25 PM
    • 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.
    | Tue, Nov. 10, 6:25 PM | Comment!
  • Tue, Nov. 10, 3:55 PM
    • Executives with Philip Morris (NYSE:PM), Coca-Cola (NYSE:KO), and Anheuser-Busch InBev (NYSE:BUD) will be part of the group facing tough questions from the European Commission at a hearing next week. At issue are the terms and conditions of favorable tax arrangements with member EU nations.
    • The EC's tax committee can announce a non-binding recommendation at the end of the month.
    | Tue, Nov. 10, 3:55 PM | 11 Comments
  • Tue, Nov. 10, 3:12 PM
    • As part of the deal, Molson Coors (TAP +1.6%) would buy SABMiller's (OTCPK:SBMRY -0.2%) 58% stake in the JV for about $12B, reports the WSJ. It should calm antitrust concerns, thus clearing the way for a formal merger pact between SABMIller and AB InBev (BUD +0.3%).
    • Both announcements are expected tomorrow, with the MillerCoors purchase conditioned on the larger deal closing.
    • Molson Coors had net sales of $4.15B last year. MillerCoors: $7.85B, and contributed $561.8M to Molson's pretax profit of $586.3M.
    • Previously: Mega regulatory challenges for MegaBrew deal (Nov. 3)
    | Tue, Nov. 10, 3:12 PM | 3 Comments
  • Tue, Nov. 10, 7:56 AM
    • Analyst Vivien Azer is out with a new report on the beer industry.
    • Azer says beer volume remains in a challenging trend, while pricing has softened again.
    • Craft and imports continue to take market share, although growth in the category may be slowing.
    | Tue, Nov. 10, 7:56 AM | 2 Comments
  • Wed, Nov. 4, 9:17 AM
    • Anheuser-Busch InBev (NYSE:BUD) extended a sponsorship deal between Bud Light and the NFL for another six years.
    • The partnership was due to expire after the 2017 Super Bowl.
    • Marketing execs with the beer giant say the math on the $1.4B agreement works out for the company as the exposure leads to sales. In an interesting twist, Bud Light will now be able to use NFL game footage across social media and other digital channels.
    • Bud Light press release
    | Wed, Nov. 4, 9:17 AM | Comment!
  • Wed, Nov. 4, 2:43 AM
    • Another extension? The U.K. Takeover Panel has agreed to delay the deadline for AB InBev's (NYSE:BUD) $106B takeover of SABMiller (OTCPK:SBMRY) for a third time to allow the companies to finish complex paperwork and continue talks on the sale of SABMiller's U.S. business.
    • Since last week, the two brewers have made good progress in agreeing to terms of a deal, and AB InBev now has until 12:00 ET on Nov. 11 to make a formal offer.
    • Previously: Mega regulatory challenges for MegaBrew deal (Nov. 03 2015)
    | Wed, Nov. 4, 2:43 AM | 3 Comments
  • Tue, Nov. 3, 10:25 PM
    • Anheuser-Busch InBev (NYSE:BUD) and SABMiller (OTCPK:SBMRY) plan to ask for another extension with U.K. authorities before making a formal merger offer, sources tell The Wall Street Journal.
    • Anheuser-Busch is still holding talks with Molson Coors (NYSE:TAP) over a buyout of its position in the MillerCoors joint venture in order to back off U.S. regulators and politicians.
    • The global brewery will face a larger regulatory wildcard in China where the combined Megabrew entity will hold a 37% market share through partnerships and ownership of some local brands.
    • There's also some pushback against the beer merger in South Africa from unions.
    | Tue, Nov. 3, 10:25 PM | Comment!
  • Tue, Nov. 3, 3:37 AM
    • Molson Coors (NYSE:TAP) is in advanced talks to buy SABMiller's (OTCPK:SBMRY) majority stake in their American joint venture, sources told FT, in a move seen as critical to helping AB InBev (NYSE:BUD) secure its £68B takeover of SABMiller.
    • AB InBev’s brands control 46% of the U.S. beer market, while the MillerCoors JV accounts for 27%, meaning any combination of the two would certainly raise antitrust concerns.
    • The talks come ahead of a Wednesday deadline for AB InBev to make a formal offer for SAB.
    • Previously: Molson Coors ready to pounce if MegaBrew cleared (Oct. 27 2015)
    • Previously: Molson Coors pops after MegaBrew deal inked (Oct. 13 2015)
    | Tue, Nov. 3, 3:37 AM | 2 Comments
  • Fri, Oct. 30, 8:30 AM
    • Anheuser-Busch InBev (NYSE:BUD) reported some solid organic growth across key regions in Q3 as higher prices contributed.
    • Organic sales were up by double-digits in Mexico and Brazil, while the mark in China was +6.6% during a tumultuous quarter.
    • U.S. organic sales were up more moderately with a 2.8% rise as A-B continues to see Bud Light and Budweiser lose traction amid the popularity of craft beer. Bud Light market share fell 45 bps during Q3, while Budweiser lost 15 bps. The company's mix of sales in the U.S. included a higher percentage of "above premium" brands.
    • Previously: AB InBev raises sales outlook on premium lagers (Oct. 30 2015)
    • Anheuser-Busch press release (.pdf)
    • Anheuser-Busch is up over 2% in Brussels. BUD ADRs +2.51% premarket in the U.S.
    | Fri, Oct. 30, 8:30 AM | 9 Comments
Company Description
Anheuser-Busch Inbev SA is engaged in the production, marketing, and distribution of beer. Its brand comprises of Budweiser, Corona and Stella Artois. It also manufactures non-alcoholic beverages such as bottle water and Ice tea.
Country: Belgium