SABMiller plc ADROTCPK - Current
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  • Mon, Oct. 10, 6:28 PM
    • Coca-Cola (NYSE:KO) says it will exercise its right to acquire SABMiller’s (OTCPK:SBMRY, OTCPK:SBMRF) former interest in its largest African bottling company, saying it plans to implement its long-term strategic plan in these markets with other partners.
    • The move comes after Anheuser-Busch InBev closed its acquisition of SABMiller to create a beer giant with a large African footprint; as of late August, SABMiller had a 54% stake in Coca-Cola Beverages Africa, which distributes ~40% of Coke's volumes in the continent.
    • KO wants to keep AB InBev at arm's length amid speculation that the European company eventually could try to acquire it.
    | Mon, Oct. 10, 6:28 PM | 10 Comments
  • Wed, Oct. 5, 3:11 AM
    • Asahi (OTC:ASBRY) plans to offer more than ¥500B for SABMiller's (OTCPK:SBMRY) beer business in five Eastern European countries, the Nikkei reports, following the Japanese brewer's deal to buy brands such as Italy's Peroni for €2.55B.
    • SABMiller's business in the Czech Republic, Poland, Hungary, Slovakia and Romania will remain open for bidding after AB InBev acquires the company next week.
    | Wed, Oct. 5, 3:11 AM
  • Tue, Oct. 4, 7:51 AM
    • The High Court of Justice in England and Wales approves the structure of the transaction being used to finalize the merger of SABMiller (OTCPK:SBMRY) by Anheuser-Busch InBev (NYSE:BUD).
    • Trading in London on SABMiller ends tomorrow.
    | Tue, Oct. 4, 7:51 AM | 2 Comments
  • 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.
    | Thu, Sep. 29, 3:34 PM | 45 Comments
  • Wed, Sep. 28, 9:04 AM
    • While it was shareholders at Anheuser-Busch (NYSE:BUD) and SABMiller (OTCPK:SBMRY) that approved an industry-rattling merger today, Molson Coors (NYSE:TAP) is the beer stock on the move.
    • The finalized deal gives a green light to Molson Coors to close on acquiring SABMiller’s interest in Miller Coors in a deal valued around $12B.
    • Molson is a surprisingly thinly-covered stock and could be a post-Megabrew sleeper.
    • Previously: AB InBev shareholders back Megabrew deal (Sept. 28)
    • Previously: SABMiller shareholders approve A-B InBev deal (Sept. 28)
    • TAP +4.59% premarket to $112.47 (52-week high territory).
    | Wed, Sep. 28, 9:04 AM | 4 Comments
  • Wed, Sep. 28, 7:28 AM
    • Shareholders at SABMiller (OTCPK:SBMRY) approved the company's merger with Anheuser-Busch InBev (NYSE:BUD) by a huge margin.
    • The shares of the new company will begin trading on October 11 in Brussels to be followed by secondary listings on exchanges in New York, Mexico City, and Johannesburg.
    • As expected, AB InBev shareholders also approved the monster beel deal.
    • Previously: AB InBev shareholders back Megabrew deal (Sept. 28)
    • BUD +1.24% premarket to $133.51. SBMRY +0.55% in London.
    | Wed, Sep. 28, 7:28 AM | 5 Comments
  • 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.
    | Wed, Sep. 28, 5:14 AM | 11 Comments
  • 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.
    | Tue, Sep. 20, 4:28 PM | 25 Comments
  • Thu, Sep. 15, 3:33 AM
    • Polish billionaire Sebastian Kulczyk could team up with private equity funds in a potential joint bid for SABMiller's (OTCPK:SBMRY) central and eastern European beer brands, according to the Puls Biznesu daily.
    • The brewing businesses, based in the Czech Republic, Poland, Hungary, Romania and Slovakia, are up for sale as part of AB InBev's takeover of SABMiller.
    • Previously: China brewer eyes SABMiller assets (Sep. 14 2016)
    | Thu, Sep. 15, 3:33 AM
  • Wed, Sep. 14, 3:40 AM
    • China Resources Beer Holdings (OTCPK:CRHKY) is considering a bid for SABMiller's (OTCPK:SBMRY) central and eastern European assets, valued at about $6B, sources told Bloomberg.
    • A sale process for the assets, which include the brewer of Czech lager Pilsner Urquell, is expected to start next month after SABMiller's deal with AB InBev closes.
    | Wed, Sep. 14, 3:40 AM | 2 Comments
  • 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, Aug. 26, 5:34 AM | 5 Comments
  • Tue, Aug. 23, 7:08 AM
    • A court in the U.K. rules that Altria (NYSE:MO) and Bevco can be treated as a separate class from other SABMiller (OTCPK:SBMRY) shareholders in connection with a vote on the company's merger with Anheuser-Busch InBev (NYSE:BUD).
    • Both classes will need to approve the terms of the merger by a 75% rate.
    | Tue, Aug. 23, 7:08 AM | 22 Comments
  • Thu, Aug. 11, 10:47 AM
    • MillerCoors (TAP, OTCPK:SBMRY) added yet another craft brewer to its Tenth and Blake division with the purchase of Revolver Brewing.
    • Terms for the acquisition of the Texas craft beer specialist weren't disclosed.
    • MillerCoors has been this summer adding new craft labels with Anheuser-Busch InBev busy working on the Megabrew deal.
    | Thu, Aug. 11, 10:47 AM
  • Mon, Aug. 8, 11:01 AM
    • While Megabrew news has dominated the beer industry conversation over the last month, MillerCoors (OTCPK:SBMRY, TAP) has quietly added two new craft brewers to its portfolio.
    • The joint venture company added Hop Valley Brewing this month and picked up Terrapin Beer last month.
    • Both properties will be piled into MillerCoors' Tenth and Blake family of craft brands which already includes Blue Moon, Jacob Leinekugel Brewing, and Saint Archer Brewing.
    | Mon, Aug. 8, 11:01 AM
  • Thu, Aug. 4, 4:27 AM
    • After its MegaBrew deal is completed, AB Inbev (NYSE:BUD) plans to adopt a leadership team that will be composed of zone presidents and functional heads reporting to CEO Carlos Brito.
    • The brewer will continue to be based in Leuven, Belgium, while managing its day-to-day operations from New York, and existing SABMiller (OTCPK:SBMRY) hubs in Miami, Hong Kong and Beijing will be phased out within a few months after completion of the combination.
    | Thu, Aug. 4, 4:27 AM | 3 Comments
  • Mon, Aug. 1, 2:44 PM
    • Anheuser-Busch InBev (BUD -3.1%) and SABMiller (OTCPK:SBMRY) plan to close their merger deal on October 10 after shareholders meet to vote on the combination on September 28.
    • A combined listing for the beer behemoth in Brussels is slated for October 11.
    • ABInBev press release (.pdf)
    | Mon, Aug. 1, 2:44 PM | 7 Comments