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Anheuser-Busch Inbev SA/NV (BUD)

  • Wed, Oct. 28, 3:56 AM
    • A MegaBrew deal may now take a little longer. SABMiller (OTCPK:SBMRY) and AB InBev (NYSE:BUD) have received permission to extend negotiations for their potential merger, pushing off a deadline under British takeover rules until Nov. 4.
    • AB InBev is offering £44 per SABMiller share, along with a discounted alternative designed for latter's two largest shareholders, Altria (NYSE:MO) and BevCo, which together own 41% of the target company.
    • Previously: SABMiller expected to ask for merger extension (Oct. 27 2015)
    • Previously: Deadline approaches for MegaBrew deal (Oct. 27 2015)
    | Wed, Oct. 28, 3:56 AM | 4 Comments
  • Tue, Oct. 27, 1:27 PM
    • SABMiller (OTCPK:SBMRY) intends to ask for an extension with U.K. regulators over a formalized merger proposal from Anheuser-Busch InBev (BUD -0.4%), reports Bloomberg.
    • Sources indicate that both sides want more time to talk to large shareholders and nail down financing terms.
    • The current deadline is tomorrow at 5:00 P.M. London time.
    • SABMiller fell 0.6% today in London trading.
    • Previously: Deadline approaches for MegaBrew deal (Oct. 27 2015)
    | Tue, Oct. 27, 1:27 PM | Comment!
  • Tue, Oct. 27, 4:51 AM
    • The clock is ticking for AB InBev (NYSE:BUD) and SABMiller (OTCPK:SBMRY) to complete discussions for a potential $104B merger.
    • Under British takeover rules, the brewing giants have until today to finalize their "agreement in principle" struck last month.
    • If they're not yet able to complete the deal, it's possible SABMiller will seek permission from British regulators to extend the deadline again.
    | Tue, Oct. 27, 4:51 AM | Comment!
  • Wed, Oct. 21, 3:59 AM
    • The top two lawmakers on the Senate's Subcommittee on Antitrust, Mike Lee and Amy Klobuchar, plan to hold a hearing on AB InBev's (NYSE:BUD) planned $104.2B takeover of SABMiller (OTCPK:SBMRY), as regulators weigh concerns surrounding the MegaBrew deal in the U.S.
    • "We want to know what the impact is on American consumers, how it affects small craft brewers to be able to get product to market and how would [AB InBev] ensure this wouldn't have a major impact on price or market entry," said Klobuchar.
    • The hearing hasn't been scheduled but is expected to be held before the end of the year.
    | Wed, Oct. 21, 3:59 AM | 10 Comments
  • Tue, Oct. 20, 9:59 AM
    • Anheuser-Busch (NYSE:BUD) and SABMiller (OTCPK:SBMRY) will be watching for an important ruling this week from the European Union on tax arrangements in Europe.
    • Larger European nations such as Germany and France are pressuring the EU to tighten up on the friendly rules from smaller countries such as Luxembourg and Belgium. The issue impacts a large number of tax-savvy multinationals - including Apple, Starbucks, and Amazon.
    • Unless a new set of rules are put in place, a combined Anheuser-Busch/SABMiller beer juggernaut should be able to negotiate favorable tax deals.
    • Previously: FT: Starbucks to face large tax repayment in landmark case (Oct. 19 2015)
    | Tue, Oct. 20, 9:59 AM | Comment!
  • Thu, Oct. 15, 7:45 AM
    • Anheuser-Busch InBev (NYSE:BUD) is planning a bond sale of as much as $55B to finance its $106B takeover of SABMiller (OTCPK:SBMRY, OTCPK:SBMRF), setting a record for debt issuance to fund a corporate acquisition, Bloomberg reports.
    • BUD has lined up seven banks to arrange as much as $70B in financing for the deal,with the remaining $10B-$15B of financing in the form of term loans, according to the report.
    • If the figures are accurate, the bond sale would be the largest ever for a corporate takeover, surpassing Verizon Communications' $49B sale in 2013 to help fund the buyout of Vodafone’s stake in a wireless joint venture.
    | Thu, Oct. 15, 7:45 AM | 10 Comments
  • Tue, Oct. 13, 2:46 AM
    • Anheuser-Busch InBev (NYSE:BUD) and SABMiller (OTCPK:SBMRY) have agreed on terms for a takeover, with the world's largest brewer set to pay £44/share for its smaller rival, valuing the group at £69B ($106B).
    • The deal brings one out of every three beers sold worldwide under a single company, and will benefit SABMiller’s two largest shareholders - Altria (NYSE:MO) and BevCo - which account for 41% of the company.
    • Under terms of the agreement, AB InBev would pay a $3B reverse break fee to SABMiller should the transaction fail to clear regulatory hurdles or shareholders don't approve of it.
    • SABMiller +9% in London; BUD +1.9% premarket
    | Tue, Oct. 13, 2:46 AM | 78 Comments
  • Mon, Oct. 12, 9:28 AM
    | Mon, Oct. 12, 9:28 AM | 29 Comments
  • Sun, Oct. 11, 9:04 AM
    | Sun, Oct. 11, 9:04 AM | 42 Comments
  • Fri, Oct. 9, 11:33 AM
    • Labatt Breweries snapped up Canadian craft beer maker Mill Street Brewery for an undisclosed amount.
    • Mill Street is the largest producer of certified organic beer in Canada.
    • Labatt is owned by Anheuser-Busch InBev (NYSE:BUD) which has been busy acquiring popular craft breweries in the U.S.
    | Fri, Oct. 9, 11:33 AM | Comment!
  • Fri, Oct. 9, 9:54 AM
    | Fri, Oct. 9, 9:54 AM | 1 Comment
  • Thu, Oct. 8, 6:26 AM
    • Anheuser-Busch InBev (NYSE:BUD) is now looking to rally SABMiller's (OTCPK:SBMRY) shareholders behind its $104B takeover offer, saying the price is higher than the London-based brewer could achieve on its own.
    • "If shareholders agree that we should be in proper discussions, they should voice their views and should not allow the board of SABMiller to let this opportunity slip away," AB InBev CEO Carlos Brito said in a statement.
    • Altria (NYSE:MO), SABMiller's largest shareholder with a 27% stake, is urging the brewer to sit at the negotiating table and appears to have given the bid a green light.
    • Previously: SABMiller formally rejects Anheuser-Busch InBev (Oct. 07 2015)
    | Thu, Oct. 8, 6:26 AM | 9 Comments
  • Wed, Oct. 7, 8:40 AM
    • SABMiller (OTCPK:SBMRY) formally rejects the $104B takeover offer from Anheuser-Busch InBev (NYSE:BUD).
    • The U.K. beer giant says the AB InBev offer "substantially undervalues" the company and has been timed to opportunistically take advantage of its its depressed share price. Significant regulatory hurdles in the U.S. and China are also seen as major hurdles.
    • Shares of SABMiller are up 2.4% in London trading, while Anheuser-Busch InBev is 2.7% higher in New York premarket action. Molson Coors (NYSE:TAP) is also on the move, up 1.37% to $82.10.
    • SABMiller announcement
    • Previously: SABMiller talks down AB InBev's new offer (Oct. 07 2015)
    | Wed, Oct. 7, 8:40 AM | 5 Comments
  • Wed, Oct. 7, 4:41 AM
    • Despite a new raised bid, it looks like SABMiller (OTCPK:SBMRY) is poised to turn down another takeover offer from Anheuser-Busch InBev (NYSE:BUD).
    • "Today's £42.15 proposal is only £0.15 higher than the £42 proposal considered and rejected on October 5," SABMiller said in a statement. "AB InBev is very substantially undervaluing SABMiller."
    • The £42.15/share in cash bid would value the group at £68.2B ($104B) and translate into the largest takeover of 2015.
    • Previously: AB InBev raises takeover offer for SABMiller (Oct. 07 2015)
    | Wed, Oct. 7, 4:41 AM | 23 Comments
  • Wed, Oct. 7, 3:06 AM
    | Wed, Oct. 7, 3:06 AM | 12 Comments
  • Tue, Oct. 6, 7:21 AM
    • Anheuser-Busch InBev (NYSE:BUD) won't try to pull off a hostile takeover of SABMiller (OTCPK:SBMRY) after having its initial informal offer rejected, sources tell New York Post. Those same sources still think a deal can be struck if a formal offer comes in high enough.
    • Shares of BUD are down 0.33% premarket, while SABMiller is 3.5% lower in afternoon London trading. Another stock to watch for volatility today is Altria (NYSE:MO) which owns a sizable chunk of SABMiller.
    • Previously: Bloomberg: SABMiller shoots down AB InBev offer (Oct. 06 2015)
    | Tue, Oct. 6, 7:21 AM | 10 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