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Fri, Sep. 19, 9:09 AM
- If a mega-merger occurs inside the beer industry, it could advance the debate on the corporate tax law structure in the U.S., reasons WSJ's Ronald Barusch.
- Though Anheuser-Busch InBev (NYSE:BUD), Heineken (OTCQX:HEINY), and SABMiller (OTCPK:SBMRY) are all domiciled outside of the U.S., and any combination wouldn't involve a tax inversion move, Barush notes the heavy influence of the brewers in the U.S. will highlight again the advantage of setting up headquarters outside U.S.borders for global sellers.
Fri, Sep. 19, 6:55 AM
Tue, Sep. 16, 9:52 AM
- Shares of Anheuser-Busch InBev (BUD -0.8%) are lower after some of the buzz over a potential merger with SABMiller (OTCPK:SBMRY) wears off. In Europe, shares of SBMRY are also tilting lower.
- Analysis of the combination of the two beer giants is nearly evenly split. Some analysts think the regulatory hurdles are too high to clear, while others maintain that outside of the U.S. and China there's not a huge amount of overlap that would draw in regulators.
- Stifel Nicolaus and Buckingham Research have both raised their price target on BUD, moving to $130 and $137 respectively.
- MillerCoors (TAP -1%) is in a holding pattern. If the mega-merger goes through, the company is nearly assured of a new owner.
- The wildcard: There's also still the chance that A-B could have the rug pulled out from under it if SABMiller improves its offer to Heineken (OTCQX:HEINY) to a level which wins over the controlling family.
Mon, Sep. 15, 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%.
Sun, Sep. 14, 9:08 PM
- Heineken (OTCQX:HEINY) confirms it turned down a takeover offer from SABMiller (OTCPK:SBMRY) .
- The company called the offer "non-actionable" in its statement.
- The growing presence of Heinken in emerging markets such as Africa and Mexico makes it an attractive add-on for SABMiller which could still come back to the Dutch brewer with a higher offer.
Sun, Sep. 14, 10:30 AM
- SABMiller (OTCPK:SBMRF) has been approached Heineken (OTCQX:HEINY) about a merger only to be rebuffed by the controlling Heinken family, reports Bloomberg.
- Another mega-merger within the beer industry has been widely anticipated by analysts in order to line up regional strengths and weaknesses.
- Related stocks: Anheuser-Busch InBev (NYSE:BUD), Diageo (NYSE:DEO), Carlsberg (OTCPK:CABGY), Molson Coors (NYSE:TAP), Boston Beer (NYSE:SAM).
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Thu, Jul. 10, 10:13 AM
- Credit Suisse upgrades Heineken (HINKY) to a Neutral rating after having the beer seller slotted at Underperform.
- Despite some sluggish volume, the so-called Big Beer stocks (SBMRY, BUD) have run up some gaudy gains this year off of benefits from consolidation in the industry. Many analysts think there's plenty of upside still left.
Wed, Jul. 9, 11:12 AM| Comment!
Fri, May. 9, 3:19 PM| Comment!
Thu, Apr. 24, 3:15 AM
- Heineken's (HEINY) Q1 revenue rose 3.4% to €4.04B but missed consensus of €4.24B.
- Beer volumes +1.5% on a like-for-like basis to 38.2M hectoliters, below forecasts of 40.3M hectoliters.
- Softness in Asia and Russia partially offset a pick-up in Africa and parts of Europe.
- Heineken reiterated that its expects revenue to grow in 2014 on a like-for-like basis and excluding currency effects. The figure inched up just 0.1% in 2013. (PR)
Wed, Mar. 26, 10:08 AM
- Deutsche Bank slaps a downgrade on Heineken (HINKY) to Hold from Buy on concerns that volume growth will be difficult to achieve for the global brewer.
- Minyanville notes with more than a touch of sarcasm that the U.S. Secret Service apparently did its best to bolster Heineken's sales on its home turf over the weekend.
- All snark aside, the company has struggled to see sales growth in Western Europe, Africa, and the Middle East offset some patchy performances in emerging markets.
Wed, Feb. 12, 11:23 AM
- The overall beer volume numbers from Heinken (HINKY) for 2013 weren't outstanding, but a late-year surge in demand in Africa was a bright spot with several big brewers betting heavy on the region.
- A positive read from IRI on January beer sales: Retailers reported a 6.75% increase in sales compared to a year ago for the four-week period ending January 26.
- Craft beer market share rose to 7.5% in 2013 after standing at 5.5% just two years ago. Many of the large global brewers are turning to new craft brewery acquisitions and craft products in order to stoke demand.
- Related stocks: Anheuser-Busch InBev (BUD), Heineken (HINKY), Molson Coors (TAP), SABMiller (SBMRY), Boston Beer (SAM), Craft Brew Alliance (BREW).
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