Anheuser-Busch Inbev SA/NVNYSE
Thu, Sep. 29, 3:34 PM
- It don't take long after shareholders at Anheuser-Busch (BUD -1.4%) and SABMiller (OTCPK:SBMRY) formally agreed to a mega-merger before talk of what's the next M&A move cropped up with plenty of heavy hitters holding shares.
- Both HSBC and Stifel Nicolaus think Coca-Coca (KO -0.1%) will be the next target for the beer behemoth, perhaps even sooner than some may think. The synergy math could be stunning if all the complications of an acquisition are worked out.
- On the bottling side, the integration of SABMiller into A-B has plenty of implications for the sector, even more so if speculation over a Coca-Cola deal escalates.
- Related bottling stocks: COKE, CCE, KOF, OTC:COCSF, OTC:COKEB, OTCPK:CCLAY, OTCPK:CCLAF.
Wed, Sep. 28, 5:14 AM
- AB InBev (NYSE:BUD) shareholders have backed the brewing giant's takeover of rival SABMiller (OTCPK:SBMRY) at a general meeting in Brussels this morning, clearing one hurdle for the $104B deal.
- Now all eyes will turn to another meeting, which is under way in London, at which SABMiller's shareholders will vote whether or not to rubber stamp the agreement.
Tue, Sep. 20, 4:28 PM
- Shareholders holding sizable positions in SABMiller (OTCPK:SBMRY) are in the spotlight as the company's meeting on September 26 approaches. The vote on the Anheuser-Busch InBev (NYSE:BUD) merger will be the main event of the SABMiller gathering.
- Large institutional shareholders such as BlackRock and State Street Global Advisers are seen approving the deal because they also own interests in BUD and Molson Coors, but the hedge fund vote is harder to forecast. Some hedgies may gamble and skip out on voting by declining to convert their options and derivatives to save on the exercise tax.
- Another reason that the merger vote may be closer than anticipated is that both Altria (NYSE:MO) and the Santo Domingo family are excluded from having a say.
Sun, Sep. 11, 9:54 AM
- AB InBev (NYSE:BUD) is bringing its alcohol expertise to the carbonated-water category with the acquisition of SpikedSeltzer creator Boathouse Beverage.
- The acquisition highlights the pressure on brewers to expand beyond beer, which has been losing share of the total U.S. alcohol market to liquor and wine over the past 15 years.
- Financial terms of the deal weren't disclosed.
Fri, Sep. 9, 8:48 AM
- Anheuser-Busch InBev (NYSE:BUD) picked up another brewery this week with the acquisition of Brouwerij Bosteels. Bosteels has been owned by the same family since 1791 which gives it a similar history as the Anheuser-Busch part of the InBev empire.
- The company reportedly paid $225M for the Belgium-based maker of Tripel Karmeliet, Kwak, and Deus beers.
- An AB InBev spokesperson says the company will focus on the Europe export market with the new brands and dabble with a small penetration in the U.S.
- Anheuser-Busch InBev press release (.pdf)
- Shares of BUD have traded around the $125 level for the last few weeks amid a calm post-Brexit, post-Megabrew wrangling backdrop.
Wed, Sep. 7, 8:20 AM
- Beer industry heavyweights Anheuser-Busch InBev (NYSE:BUD), Heineken (OTCQX:HEINY), Asahi Group Holdings (OTC:ASBRY), and Kirin Holdings (OTCPK:KNBWY, OTC:KNBWF) are in the group of active bidders for Saigon Beer Alcohol Beverage Corp.
- Saigon Beer Alcohol Beverage Corp. (known as Sabeco) is the largest beer seller in Vietnam with a 40% market share. The Vietnamese government holds a stake of 89.5% in the company.
- The deal price could end up north of the $2B mark.
Fri, Aug. 26, 5:34 AM
- Around 3% of the combined workforce of Anheuser-Busch InBev (NYSE:BUD) and SABMiller (OTCPK:SBMRY) could be laid off in the three years following the completion of their merger. That 3% though, excludes sales and front-office supply staff, as AB InBev says regulatory restrictions prevent it from moving forward with integration plans at the moment.
- Combined, the two companies currently employ about 220K.
Fri, Jul. 29, 11:30 AM
- The board at SABMiller (OTCPK:SBMRY) officially throws its support behind the acquisition of the company by Anheuser-Busch InBev (BUD +2.4%). The £79B ($104.94B) offer was at the "lower end" of the company's acceptable range.
- A-B landed its last required regulatory approval earlier today in China after raising its offer for SABMiller at the beginning of the week.
- The deal brings together a large number of beer brands into the same corporate house even after key divestitures across regions. A partial list of the Megabrew assets includes Bud Light, Budweiser, Michelob, Rolling Rock, Busch, Shock Top, Natural, Goose Island, Blue Point, Four Peaks, Grolsch, Pilsner Urquell, Foster's Lager, and Castle Lager.
- Shares of MolsonCoors (NYSE:TAP) are up 3.32% with the company now set to control MillerCoors in the U.S. by itself. SABMiller stakeholder Altria (MO +1%) also perked up after the announcement.
Thu, Jul. 28, 7:09 AM
- A memo from SABMiller (OTCPK:SBMRY) CEO Alan Clarke to employees sent yesterday asked them to have no contact with Anheuser-Busch InBev (NYSE:BUD). The MegaBrew too was unexpected.
- "It suggests that they think that the risk is real that shareholders won’t approve this," says Morningstar analyst Philip Gorham on the development.
- The missive from Clarke also instructed employees to stop talking to reps from Molson Coors (NYSE:TAP) and Asahi Group Holdings (OTCPK:ASBRF) which are both set to buy beer assets from SABMiller.
- SAB shareholder Aberdeen Asset Management maintains that even the new upped bid from Anheuser-Busch InBev is too low.
Tue, Jul. 26, 3:36 AM
- Responding to investor concerns about a slump in the pound, AB InBev (NYSE:BUD) has raised its bid for SABMiller (OTCPK:SBMRY) to £45 a share, from £44 previously, valuing the British brewer at £79B ($103B).
- It also increased the amount of cash for shareholders who choose a cash-and-stock alternative.
- The deal has already been approved by competition authorities in the U.S. and South Africa, leaving Chinese approval the last big antitrust hurdle to the combination.
Wed, Jul. 20, 9:32 AM
- SABMiller (OTCPK:SBMRY) may ask for a new offer from Anheuser-Busch InBev (NYSE:BUD), a source tells Reuters.
- Institutional investors are grumpy after the recent sharp decline in the pound turned around the value of their cash-out alternatives, although it's likely the board will wait for more regulatory hurdles to be cleared before going back to A-B.
- A SABMiller board meeting is underway today just ahead of tomorrow's annual meeting.
- SABMiller trades about 4% below its post-buyout high.
Wed, Jul. 6, 2:44 AM
- Consolidating its lead in the world's largest beer market, China Resources Beer (OTCPK:CRHKY) plans to to raise HK$9.51B ($1.2B) via a deeply discounted rights offer to part-fund the purchase of SABMiller's (OTCPK:SBMRY) holdings in their joint venture.
- The maker of the world's best-selling Snow brand beer agreed in March to buy the stake for $1.6B, smoothing the way for a takeover of its partner by AB InBev (NYSE:BUD).
Thu, Jun. 30, 6:40 AM
- 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).
Thu, Jun. 9, 3:48 AM
- MegaBrew is getting closer to a reality as AB InBev (NYSE:BUD) nears Chinese approval for its $107B takeover of SABMiller (OTCPK:SBMRY).
- As part of the tie-up, the companies have agreed to divest the maker of Snow beer, the world's top-selling brand.
- Approvals for both transactions could come as soon as this month, clearing one of the final hurdles for the largest beer deal in history.
Wed, May 25, 2:56 AM
- U.S. antitrust officials are investigating Anheuser-Busch InBev (NYSE:BUD) over its new incentives that encourage independent distributors to sell more of its own beer brands at the expense of competing craft brews, Reuters reports.
- AB Inbev introduced the program in late 2015, and authorities are looking into it as part of the antitrust review surrounding the beer giant's planned takeover of SABMiller, which was approved by the European Commission on Tuesday.
Thu, May 5, 2:09 AM
- Following several delays, the Australian Competition and Consumer Commission has cleared Anheuser Busch Inbev's (NYSE:BUD) planned $100B takeover of rival SABMiller (OTCPK:SBMRY), stating the deal would not adversely affect the domestic market.
- AB Inbev still expects to complete the purchase by the end of 2016, but has to secure antitrust clearance in Europe, where both it and its target are headquartered.