SABMiller plc ADR(SBMRY)- OTCPK - Current
  • 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
  • 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.
    | Fri, Jul. 29, 11:30 AM | 29 Comments
  • 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.
    | Thu, Jul. 28, 7:09 AM | 5 Comments
  • 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.
    | Tue, Jul. 26, 3:36 AM | 5 Comments
  • 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. 20, 9:32 AM
  • 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).
    | Wed, Jul. 6, 2:44 AM
  • 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. 30, 6:40 AM
  • 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.
    | Thu, Jun. 9, 3:48 AM | 1 Comment
  • 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.
    | Thu, May 5, 2:09 AM | 1 Comment
  • Thu, Apr. 28, 1:57 PM
    • The Department of Justice is probing how it can assured that Anheuser-Busch InBev (NYSE:BUD) and MillerCoors (OTCPK:SBMRY, TAP) won't hold beer prices high through tacit collusion following the merger between A-B and SABMiller, according to CTFN.
    • Tacit collusion involves discrete strategies to prevent competition rather than direct communication over pricing.
    • Some academic studies have indicated that tacit price collusion occurred when SABMiller and Molson Coors merged U.S. operations back in 2007.
    • The independence of the distributor network in the U.S. in a post-MegaBrew world is also being evaluated.
    | Thu, Apr. 28, 1:57 PM | 3 Comments
  • Wed, Apr. 27, 12:19 PM
    • The merger between Anheuser-Busch InBev (BUD -0.4%) and SABMiller (OTCPK:SBMRY) is likely to be approved by the Australian Competition and Consumer Commission, sources tell CTFN.
    • The local market is seen having enough beer competition and M&A potential to withstand the long-awaited combination of beer giants.
    • A final decision from the ACCC is expected shortly after it extended its original decision date.
    • SABMiller ADRs stand at $60.85 vs. the post-MegBrew high of $62.60.
    | Wed, Apr. 27, 12:19 PM
  • Tue, Apr. 19, 3:32 AM
    • Anheuser-Busch InBev (NYSE:BUD) has accepted Asahi Group Holdings' (OTCPK:ASBRF) offer to buy the Peroni, Grolsch and Meantime beer brands for €2.55B ($2.9B), clearing another hurdle in its efforts to win regulatory approval for the $100B-plus takeover of SABMiller (OTCPK:SBMRY).
    • The purchase is conditional on the SABMiller deal going through, AB InBev said in a statement. The companies announced on Feb. 10 that Asahi had made a binding offer.
    | Tue, Apr. 19, 3:32 AM | 4 Comments
  • Mon, Apr. 4, 5:10 AM
    • South Africa's Competition Commission will fail to meet tomorrow's deadline for completing an investigation into Anheuser-Busch InBev's (NYSE:BUD) takeover of SABMiller (OTCPK:SBMRY) and will extend the probe.
    • "There is still work that needs to be done and a number of issues that needs to be considered," said Itumeleng Lesofe, spokesman for the antitrust regulator.
    • London-based SABMiller, which started selling brew to gold miners in Johannesburg in 1895, controls 90% of South Africa's beer market.
    | Mon, Apr. 4, 5:10 AM | 1 Comment
  • Wed, Feb. 10, 3:12 AM
    • Asahi Group Holdings (OTCPK:ASBRF) has agreed to buy SABMiller's (OTCPK:SBMRY) Peroni and Grolsch beer brands, which are seen as necessary MegaBrew casualties due to Anheuser-Busch's (NYSE:BUD) deep penetration in Europe.
    • Asahi, Japan's biggest brewer with 38% market share, is likely to pay over ¥400B ($3.5B) for the two labels, Nikkei reports.
    • An earlier line-up of bidders for Peroni and Grolsch included several private equity firms, conglomerates and other brewers.
    • Previously: Asahi ready to strike for Grolsch and Peroni (Jan. 11 2016)
    | Wed, Feb. 10, 3:12 AM | 3 Comments
  • Wed, Jan. 13, 6:34 AM
    | Wed, Jan. 13, 6:34 AM | 1 Comment
  • 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. 9, 2015, 2:52 AM | 4 Comments
Company Description
SABMiller is one of the world's leading brewers with more than 200 beer brands and some 70,000 employees in over 75 countries. We also have growing businesses in soft drinks and we are one of the world's largest bottlers of Coca-Cola products.
Industry: Beverages - Brewers
Country: United Kingdom