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Mon, Jan. 11, 2:00 AM
- Asahi Group Holdings (OTCPK:ASBRF) is expected to fire off offers for SABMiller's (OTCPK:SBMRY) Grolsch and Peroni beer brands as early as this week.
- The beer properties could be unloaded for as much as ¥400B ($3.41B).
- Grolsch and Peroni are seen as necessary merger casualties due to Anheuser-Busch's (NYSE:BUD) deep penetration in Europe
Dec. 23, 2015, 8:05 AM
- Anheuser-Busch (NYSE:BUD) acquires Breckenridge Brewery for an undisclosed amount.
- The craft brewery will be the seventh to join the company's The High End business of unit.
- Breckenridge Brewery is expected to sell about 70K barrels of beer this year.
- Just last week, AB InBev announced the addition of Four Peaks.
Dec. 21, 2015, 10:10 AM
Dec. 18, 2015, 1:21 PM
- Anheuser-Busch InBev (BUD -0.7%) discloses that it signed an agreement to buy Four Peaks Brewing.
- The craft brewer has a notable presence in Arizona and churns out 70K barrels of beer per year..
- The company's High End portfolio of craft beer producers now includes Goose Island Beer Company, Blue Point Brewing Company, 10 Barrel Brewing, Elysian Brewing Company, and Golden Road Brewing
Dec. 17, 2015, 1:49 PM
- Anheuser-Busch InBev (BUD +0.3%) is pushing to wrap up the sale of the Grolsch and Peroni beer businesses within 90 days, sources tell Reuters.
- The company needs to offload the beer assets due its heavy presence in Europe through Coronoa, Stella Artois, other A-B beers, and soon-to-be-added SABMiller beers.
- The sales of the beer brands are expected to bring in as much as $2B.
Dec. 14, 2015, 1:37 PM
- Anheuser-Busch InBev (BUD -0.1%) announces the launch of the Best Damn Brewing Co.
- The first product from the brand platform is an alcoholic root beer (5.5% ABV). Best Damn Root Beer will be advertised across A-B InBev's vast marketing reach.
- The hard root beer category in the U.S. has seen strong growth this year.
Dec. 14, 2015, 7:44 AM
- Anheuser-Busch InBev (NYSE:BUD) plans to list shares on the Johannesburg Stock Exchange. The move could help the company land regulatory approval in South Africa for its merger with SABMiller.
- The domestic classification of shares would allow South African investors to purchase shares directly in the beer giant.
Dec. 9, 2015, 2:52 AM
- The world's biggest brewer faced tough questions on Tuesday in a hearing of the Senate Judiciary Committee's antitrust subcommittee.
- Lawmakers expressed concerns over AB InBev's (NYSE:BUD) plan to buy SABMiller (OTCPK:SBMRY), stating that the MegaBrew deal could hurt the fast-growing U.S. craft beer industry.
- Despite the panel's worries, it will have no say on whether it goes ahead. That decision lies with the U.S. Justice Department.
- Previously: Anheuser-Busch InBev execs in front of Senate committee today (Dec. 08 2015)
- Previously: MegaBrew deal goes before Congress (Dec. 08 2015)
Dec. 8, 2015, 10:46 AM
- Anheuser-Busch InBev (BUD -0.3%) released the statement that CEO Carlos Brito will make to the Senate Judiciary Committee today.
- The company maintains that competition in the U.S. will actually be increased through the sale of MillerCoors to Molson Coors.
- That contention is likely to be challenged by Senators on the committee.
- Outside of the hearing, the craft beer industry is likely to dial up more opposition to the the deal. The group thinks the power of A-B to control volumes on the wholesale side will lead to unfair competition.
- Shares of BUD are down lower than the S&P 500 Index with an upgrade from HSBC factoring in.
Dec. 8, 2015, 3:06 AM
- The proposed $110B MegaBrew deal will get tested before Congress today, with AB InBev (NYSE:BUD) Chief Executive Carlos Brito and Molson Coors (NYSE:TAP) CEO Mark Hunter testifying before the Senate Judiciary Committee.
- The panel will review how the merger of the world's two biggest beer producers, which could soon hold the No. 1 or No. 2 positions in 24 of the world's 30 largest beer markets, would affect competitors and consumers.
- As part of the deal, AB InBev plans to sell SABMiller's (OTCPK:SBMRY) 58% stake in MillerCoors to Molson, and is exploring the sale of European brands Grolsch and Peroni.
Dec. 4, 2015, 7:11 AM
- A new incentive program at Anheuser-Busch InBev (NYSE:BUD) aimed at distributors is drawing concern from craft brewers worried they will be boxed out from shelf space at retail outlets.
- The new program offers huge reward to distributors with a higher than 95% volume mix of Anheuser-Busch brands.
- Anheuser-Busch has purchased five craft breweries which qualify for the inside treatment.
Dec. 3, 2015, 4:08 AM
- AB InBev (NYSE:BUD) has confirmed it's exploring the sale of a number of SABMiller (OTCPK:SBMRY) European premium brands to address regulatory issues ahead of a proposed tie-up.
- The company will contact potential buyers in the coming weeks regarding beer brands Peroni, Grolsch and Meantime (a craft brewer bought by the British firm earlier this year).
- Any sale would be conditional upon closing of the acquisition of SABMiller by AB InBev.
- Previously: Grolsch and Peroni brands seen landing in Carlsberg's hands (Dec. 02 2015)
- Previously: AB InBev to offload Peroni, Grolsch (Nov. 29 2015)
Dec. 2, 2015, 9:32 AM
- Anheuser-Busch InBev (NYSE:BUD) extends its broad marketing partnership with the NBA for another four years. The new contract runs through 2019.
- The deal covers the NBA, WNBA, NBA D-League, USA Basketball, and the NBA's Hispanic marketing initiative.
- A-B will also have new digital content rights and branding privileges, including the ability to use NBA and team logos on packaging.
- Financial terms of the partnership weren't disclosed.
Dec. 2, 2015, 3:55 AM
- Top FIFA sponsors have published an open letter urging global soccer's governing body to enact credible reforms, days before a key meeting to finalize proposed changes to the organization.
- The companies - AB InBev (NYSE:BUD), Adidas (OTCQX:ADDYY), Coca-Cola (NYSE:KO) McDonald's (NYSE:MCD) and Visa (NYSE:V) - which typically pay about $100M per four-year World Cup cycle, called for greater transparency, accountability, respect for human rights, integrity, leadership and gender equality following the global corruption scandal that surfaced in May.
Dec. 1, 2015, 10:50 AM
- Executives with Anheuser-Busch InBev (BUD -0.1%) and SABMiller (OTCPK:SBMRY) will head to Washington D.C. next week for a Senate Judiciary Committee hearing set for December 8.
- Those called on to appear before the subcommittee on antitrust issues include A-B InBev CEO Carlos Brito. The seasoned exec will face questions on the planned beer merger from Senator Mike Lee, Senator Al Franken, Senator Orrin Hatch, and others.
- The committee gave the beer hearing a fancy title: Ensuring Competition Remains on Tap: The AB InBev/SABMiller merger and the State of Competition in the Beer Industry
Nov. 29, 2015, 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)
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.
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