Pursuits
AB InBev Buys SABMiller for $107 Billion as U.S. Deal Agreed
- Takeover will yield $1.4 billion in annual pretax savings
- Molson Coors to acquire MillerCoors stake for $12 billion
What an AB InBev/SABMiller Deal Means for Investors
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Anheuser-Busch InBev NV made a formal $107 billion offer for SABMiller Plc, sealing a long-anticipated deal that combines the world’s biggest brewers into a company controlling about half the industry’s profit.
To gain regulatory approval, Molson Coors Brewing Co. will acquire SABMiller’s 58 percent stake in MillerCoors for $12 billion, giving it full control over brands like Coors Light and Blue Moon. The Budweiser maker plans to slash annual costs by $1.4 billion, one third of which will come from overlapping head-office roles. The companies didn’t say what the new entity will be called, or whether SABMiller’s senior management team will remain.