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  • Tue, Oct. 11, 10:43 AM
    • Molson Coors Brewing Company (TAP -0.5%) announces it completed the acquisition of SABMiller's 58% stake in the MillerCoors JV.
    • As part of the transaction, Molson Coors also gains full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico, and retains the rights to all of the brands currently in the MillerCoors portfolio for the U.S. and Puerto Rico, including Redd’s and import brands such as Peroni, Grolsch and Pilsner Urquell.
    • MillerCoors will operate as a separate business unit of the company with its current headquarters in Chicago,
    • Molson Coors is now the third largest global brewer by enterprise value.
    • Shares of TAP are up 34% over the last 52 weeks after investors bet on the company's ability to benefit in the post-Megabrew environment.
    • Source: Press Release
    • Wall Street views: Four food stocks tapped for outperformance and Goldman Sachs likes Molson Coors in the post-Megabrew environment
    | Tue, Oct. 11, 10:43 AM
  • 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
  • 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, 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
  • 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. 8, 2015, 3:06 AM | 3 Comments
  • 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)
    | Nov. 29, 2015, 11:03 AM | 7 Comments
  • Nov. 11, 2015, 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)
    | Nov. 11, 2015, 11:07 AM | 2 Comments
  • Nov. 11, 2015, 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.
    | Nov. 11, 2015, 3:52 AM | 17 Comments
  • Nov. 10, 2015, 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)
    | Nov. 10, 2015, 3:12 PM | 3 Comments
  • Nov. 4, 2015, 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)
    | Nov. 4, 2015, 2:43 AM | 3 Comments
  • Nov. 3, 2015, 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)
    | Nov. 3, 2015, 3:37 AM | 2 Comments
  • Oct. 7, 2015, 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)
    | Oct. 7, 2015, 8:40 AM | 5 Comments
  • Oct. 5, 2015, 9:12 AM
    • Anheuser-Busch InBev (NYSE:BUD) is closer to making its bid for SABMiller (OTCPK:SBMRY), according to Bloomberg's Jeffrey McCracken.
    • A-B is negotiating terms with SABMiller as it seeks a "friendly" takeover. Financing for the acquisition is believed to be lined up.
    • The waiting game has kept shares of Molson Coors (NYSE:TAP) trading in a relatively tight range of $82 to $84 as it looks for the green light to go after MillerCoors.
    | Oct. 5, 2015, 9:12 AM | 6 Comments
  • Sep. 16, 2015, 9:56 AM
    | Sep. 16, 2015, 9:56 AM | 5 Comments
  • Apr. 1, 2015, 1:37 PM
    • Molson Coors (NYSE:TAP) acquires Mount Shivalik Breweries for an undisclosed amount.
    • The brewery buy will give the company a greater presence in India and increase its capacity in the region by 600K hectolitres.
    | Apr. 1, 2015, 1:37 PM | 1 Comment