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Anheuser-Busch Inbev SA/NV (BUD)

  • 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, 3:12 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
  • 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, 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
  • 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
  • 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
  • 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!
  • 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
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