Wed, Sep. 16, 11:01 AM
- A statement from Anheuser-Busch InBev (BUD +5%) indicates the company must make a formal offer for SABMiller (OTCPK:SBMRY +19.5%) before October 14 or take a pass on the mega-merger to stay in compliance with U.K. law.
- There's a ripple effect with beer stocks circling the globe that includes distributors such as Compania Cervecerias Unidas (CCU +3.1%), Fomento Economico Mexicano (FMX +1.8%), AmBev (ABEV +2.1%).
- Another intriguing aspect of a potential A-B takeover of SABMiller is the side effects on the food industry if 3G Capital is fully engaged on the deal. 3G is a major player in food mergers and a factor in how investors value companies such as Mondelez International (MDLZ +0.2%), PepsiCo (PEP +0.4%), TreeHouse Foods (THS +0.1%), Campbell Soup (CPB +1.9%), JM Smucker (SJM +1.1%), and other food names.
- A-B InBev statement (.pdf)
- Previously: AB InBev prepping offer for SABMiller
- Previously: Beer stock rally with M&A on tap
Wed, Sep. 16, 9:56 AM
- Beer stocks are in party mode with Anheuser-Busch InBev (BUD +6.9%) closing in on making an offer for SABMiller (OTCPK:SBMRY +20.5%).
- Consolidation within the industry is seen supporting pricing and raising the M&A profile of large and smaller players alike.
- Gainers: Heineken ADRs (OTCQX:HEINY) +3.7%, Diageo (NYSE:DEO) +2.9%, Molson Coors (NYSE:TAP) +14.5%, Carlsberg (OTCPK:CABGY) +3.7%, Craft Brew Alliance (OTCPK:CABGY) +3.7%, Constellation Brands (NYSE:STZ) +0.8%, Boston Beer (NYSE:SAM) +1.6%.
- Previously: AB InBev prepping offer for SABMiller (Sep. 16 2015)
- Previously: Molson Coors pops with A-B circling SABMiller (Sep. 16 2015)
Wed, Sep. 16, 9:12 AM
Tue, Sep. 15, 11:23 AM
- Shares of SABMiller (OTCPK:SBMRY +2.2%) trade higher with some speculation making the rounds indicating Altria (MO +1.7%) pulled out of a Bank of America Merrill Lynch conference to follow up on a similar action by Anheuser-Busch InBev (BUD +0.2%).
- A takeover of SABMiller by Anheuser-Busch InBev would benefit Altria with the tobacco company holding a 28% stake in SABMiller
Thu, Jul. 30, 9:39 AM
- Anheuser-Busch InBev (BUD -4.7%) missed Q2 profit estimates on some broad volume weakness.
- Total beer volume -1.9% to 116.8M hls.
- The brewer saw organic sales in the U.S. fall 1.1% and 7.9% in Brazil against a tough World Cup-influenced comparison.
- Sales growth was strong for the Stella Artois, Budweiser, and Corona brands.
- The company also disclosed a $139M hedging loss tied to derivatives used for shares paid out to employees.
- Anheuser-Busch InBev earnings release (.pdf)
Thu, Jul. 23, 3:10 PM
Mon, Jun. 8, 9:59 AM
- Diageo (DEO -2.8%) trades lower as skepticism over a 3G Capital takeout builds.
- Evercore ISI and Susquehanna are both out with notes to investors discounting the likelihood of a deal.
- Anheuser-Busch InBev (BUD -3.2%) is also lower in early action.
- The brewing giant built up some late gains Friday with investors betting that 3G's prominent stake in the company would become even more significant if it worked a deal for Diageo.
- Previously: Diageo jumps on report of potential takeover offer (Jun. 05 2015)
- Previously: Diageo bid "highly unlikely" - Evercore (Jun. 06 2015)
Wed, May 6, 9:05 AM
- Total volumes declined by 1.2% for the period.
- Global brands delivered solid volume growth of 4.6%.
- Own beer volume declined 1%.
- Revenue breakdown: United States: $3.26B (-4.8%); Mexico: $893M (-14.30%); Brazil: $2.27B (-8.61%); China: $997M (+16.88%).
- Gross margin rate increased 20 bps to 59.8%.
- Normalized EBIT margin rate grew 120 bps to 30.7%.
- FY2015 Guidance: Tax rate: 22% to 24%; Capex: ~$4.3B.
- BUD +3.33% premarket.
Wed, May 6, 7:29 AM
Thu, Feb. 26, 10:27 AM
- Global beer stocks are getting a lift off of Anheuser-Busch InBev's (BUD +2.3%) Q4 report which showed some pockets of strength.
- The read on pricing for the sector was favorable, say beverage analysts.
- Gainers: Kirin Holdings (OTCPK:KNBWY, OTC:KNBWF) +1.1%, Diageo (NYSE:DEO) +0.5%, Molson Coors (NYSE:TAP) +0.8%, SABMiller (OTCPK:SBMRY) +2.2%, Carlsberg (OTCPK:CABGY) +1.6%, Heineken (OTCQX:HEINY) was up over 2% in Amsterdam trading.
- Previously: Improvement in the U.S. lifts Anheuser-Busch InBev
Thu, Jan. 8, 10:01 AM
- Beer stocks are getting some early run after Constellation Brands (STZ +4.8%) reports strong volume numbers for Q4.
- The company sells Corona Extra, Corona Light, Modelo Especial, Negra Modelo, and Pacifico in the U.S.
- Channel checks in the industry have tipped off an improvement in demand for the U.S. late in Q4.
- Gainers: Anheuser-Busch InBev (NYSE:BUD) +2.5%, Molson Coors (NYSE:TAP) +2.4%, SABMiller (OTCPK:SBMRY) +2.5%, Boston Beer (NYSE:SM) +1.0%.
- Related: Retail picks tied to lower gas prices.
Wed, Jan. 7, 7:12 AM
- Shares of Campbell Soup (NYSE:CPB) and PepsiCo (NYSE:PEP) are on watch after the WSJ reports 3G is discussing trying to acquire a major food company.
- Sources indicate the massive size of PepsiCo deal could prompt a partial buyout or a bid in tandem with Aneuser-Busch InBev (NYSE:BUD).
- PEP +0.8% premarket, CPB inactive.
Sep. 15, 2014, 9:55 AM
- Shares of SABMiller (OTCPK:SBMRY) are ripping in London trading with reports out that Anheuser-Busch InBev (BUD +3.2%) is talking to banks about coming up with financing for a bid.
- SABMiller is more vulnerable after Heineken (OTCQX:HEINY) rejected its buyout overture.
- A deal between the beer giants would require significant divestiture massaging, possibly including SABMiller shedding its interest in MillerCoors (NYSE:TAP) in the U.S.
- What to watch: A-B has to decide before the end of the year if its wants to renew a soft-drink bottling contract with PepsiCo. If the brewer declines, it could be an indication that it has its eyes on SABMiller's deal with Coca-Cola in Africa.
- SBMRY +12.2%.
Sep. 15, 2014, 7:28 AM
- Anheuser-Busch InBev (NYSE:BUD) is talking to banks on financing an offer to purchase SABMiller (OTCPK:SBMRY), according to The Wall Street Journal.
- A deal price for the long-rumored combination would be in the neighborhood of $122B.
- Beer watch: Over the weekend, Heineken confirmed it rejected a takeover offer from SABMiller.
- BUD +2.3% premarket to $113.50.
Jun. 10, 2014, 1:51 PM| Jun. 10, 2014, 1:51 PM | Comment!
May 7, 2014, 6:46 AM
- Anheuser-Busch InBev (BUD) reports volume increased by 4.5% in Q1.
- Sales to retailers in the U.S. fell 2.6% during the quarter.
- Volume in the U.S. was 2.1% higher during the quarter, although much of the deliveries were tied to the company shipping beer to distributors ahead of its negotiations with Teamsters.
- Sales volume in Asia was strong, led by a 9% gain in China.
- The company expects improvement in the U.S. during the rest of the year and a boost in Brazil from the FIFA World Cup this summer.
- BUD +0.7% premarket
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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.
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