The final country that needed to weigh in on the mega-merger of beer giants SABMiller and Anheuser-Busch InBev has given its blessing to the sudsy nuptials. This morning, Chinese regulators approved the deal, effectively clearing the road for the acquisition to move forward. [More]
“Immoral, unethical, oppressive, unscrupulous”: those are the adjectives a Native American tribe in North Carolina chose in a recently filed lawsuit to describe Anheuser-Busch InBev’s use of the official tribal logo and slogan in a local ad campaign. [More]
When you’re trying to combine a Belgian-Brazilian beer giant (that loves to pass itself off as American) with a huge London-based beer company whose roots trace back to South Africa and Wisconsin, you’re going to need to shed some overlapping businesses to get all the approvals you need. It looks like Anheuser-Busch’s plan to sell off some SABMiller brands overseas has helped gain approval from European Union regulators who have given the green light to the $107 billion merger of the two companies.
When Anheuser-Busch InBev merged with Corona parent company Grupo-Modelo, it had to sell the U.S. rights to the popular beer to another company in order to abide by a Justice Department requirement to keep the marketplace fair and competitive. To fill that Corona-shaped hole in your heart, Budweiser’s parent company is now bringing Jalisco Estrella across the border and into American stores and bars. [More]
That didn’t take long: the day after Anheuser-Busch InBev said Budweiser would be temporarily renamed to “America”, a Michigan brewery came out with its own beery appeal to patriotism, albeit a tongue-in-cheek one: ‘Murica. [More]
There’s one surefire way to link your product to the land of the free and the brave — just slap the word “America” on it: Anheuser-Busch InBev is taking a patriotic tack as part of its summer advertising campaign, replacing the “Budweiser” name on its 12-oz beer cans and bottles with the word “America,” and swapping “King of Beers” for “E Pluribus Unum.” [More]
Anheuser-Busch InBev’s pending $107 billion merger with SABMiller will now include fewer brands: the beer behemoth announced today that it will sell several of its betrothed’s eastern European assets in order to appease federal regulators and speed up approval for the mega-merger. [More]
In order to grease the wheels for the mammoth $107 billion merger of beer giants Anheuser-Busch InBev and SABMiller, a number of Miller’s brew brands are being sold off as quickly as possible. Only a week after announcing that Miller might sell a number of premium labels — including Peroni, Grolsch, and Meantime — to Japan’s Asahi Group, the $2.9 billion deal is now official.
Anheuser-Busch InBev’s largest purchase to date — the $107 billion merger of rival SABMiller — might still be awaiting regulatory approval, but that certainly hasn’t stopped the beer behemoth from gobbling up smaller craft brewers in the meantime. In its eighth purchase of a U.S.-based craft brewer since 2011, AB has now added Virginia-based Devil’s Backbone to its “High End” portfolio. [More]
A month after Anheuser-Busch InBev cleared one huge regulatory hurdle in gaining approval for its $107 billion SABMiller merger with the sale of SABMiller’s half of China’s largest brewer, the beer behemoth is looking to appease regulators on other continents. This time it happens to be the European Union and the sale of premium brands Peroni and Grolsch. [More]
When grabbing a beer after work today, you might want to spend a little extra time examining the Corona bottle staring back at you from the fridge, as Constellation Brands — a division of Anheuser-Busch InBev — announced the recall of certain 12- and 18-backs of the bottled beer because they may contain glass particles. [More]
The $107 billion merger of Anheuser-Busch InBev and SABMiller is a truly global affair, with the betrothed companies having to appease regulators on multiple continents. While the mega-deal still faces numerous challenges, it has cleared one huge hurdle with SABMiller agreeing to sell its half of China’s largest brewer for only $1.6 billion.
Executives involved in the billion-dollar beer merger between Anheuser-Busch and SABMiller tried to paint a rosy picture of its impending marriage — despite a wealth of contradictory testimony — assuring lawmakers that there’s really no downside to the deal: everyone will benefit, even consumers. [More]
There are billions of reasons (or rather dollars) for the executives for Anheuser-Busch InBev, SABMiller and Molson Coors Brewing Co. to prove that a mega-beer merger is a brilliant plan, and now it looks like they’ll have their chance to opine on its greatness by testifying in front of Congress tomorrow. [More]
Anheuser-Busch InBev, SABMiller Finalize Merger, Agree To Sell MillersCoors Brand To Molson For $12B
Anheuser-Busch InBev — the Belgian-Brazilian maker of “America’s beer” — was supposed to finalize its offer to acquire SABMiller by Oct. 14. That deadline was extended until this afternoon, but just like that really wealthy international student at college who never seemed to get his work done on time, AB InBev has been granted another extension. [More]
With a $104.2 billion merger agreed to in principle, beer giants Anheuser-Busch InBev and SABMiller could be walking down the aisle soon, creating a company that provides nearly 70% of the beer sold in the U.S. While such a mega-merger might be beneficial to the companies as far as increasing market share and cutting costs, the deal could have some very real consequences for consumers – and other beer producers. [More]
Last week, leadership at beer giant SABMiller was not thrilled with Anheuser-Busch InBev’s official marriage proposal, saying it “substantially” undervalued the company. But today Miller announced that the boards of both companies had reached an agreement on principle for a merger valued at $104.2 billion. [More]