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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  SABMiller plc    SAB   GB0004835483

Delayed Quote. Delayed  - 10/05 02:11:33 pm
4498.245861 GBp   +0.08%
10/07 A-B InBev's acquisition of SABMiller set to become final on Monda..
10/07 A-B InBev's acquisition of SABMiller set to finalize next week
10/07 MEGA BREW DEAL : Delta Beverages - NewsDay Zimbabwe
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A-B InBev's acquisition of SABMiller set to become final on Monday

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10/07/2016 | 08:50pm CEST

Oct. 07--Anheuser-Busch InBev's acquisition of rival SABMiller -- the biggest-ever deal in the beer industry -- is slated to be final on Monday.

The more than $100 billion combination of the world's top brewers received regulatory approval in the United Kingdom on Oct. 4. London-based SABMiller makes Redd's and Fosters, and A-B InBev's brands include Budweiser, Stella Artois and Beck's.

In July, Belgium-based A-B InBev won U.S. antitrust approval after agreeing to give up ownership of the Miller brands in the U.S. and open the door to greater competition from craft brewers. SABMiller's 58 percent stake in Chicago-based MillerCoors, a joint venture created in 2008 by SABMiller and Denver-based Molson Coors, is being acquired by Molson Coors.

Pottsville, Pa.-based D.G. Yuengling & Son, Inc. the country's largest craft brewer, filed a complaint with the Justice Department on Tuesday, alleging its final judgment on the merger contained "inadequate" protections for the craft beer industry.

A-B InBev's North America headquarters, encompassing U.S. and Canada, will remain in St. Louis, the company said earlier this year, led by zone president João Castro Neves.

Neves and other A-B executives are slated to be in St. Louis Sunday for the presidential candidates debate at Washington University.

A-B has been an official sponsor of the nonprofit Commission on Presidential Debates since 1996, and the brewer is supplying hospitality tents with food and beverages for debate attendees.

Today at 1:30 p.m., A-B employees will lead a hitch of Budweiser Clydesdales on the campus grounds beginning at 1 Brookings Drive and deliver a commemorative crate of Budweiser to Chancellor Mark Wrighton.

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Lisa Brown --314-340-8127

@lisabrownstl on Twitter



(c)2016 the St. Louis Post-Dispatch

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© Tribune Content Agency, source Regional News

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