- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
AB InBev, SABMiller Merger Approved in U.S.
Posted on 7/27/16 at 3:40 pm
Posted on 7/27/16 at 3:40 pm
LINK
quote:
Regulators have approved the AB InBev acquisition of SABMiller, contingent upon the sale of SABMiller’s U.S. business. Miller Lite and High Life will jump back to the Molson Coors yacht – keeping AB and MillerCoors competitive at least here in the U.S. This was all pretty much expected.
quote:
But this deal is not full of future market monopoly dread for the craft beer industry, or at least shouldn’t be. As part of this agreement, Beer Voltron must seek a Department of Justice review of any future acquisitions of beer distributors or craft brands. Also, there is a condition that will prevent AB InBev from running its ridiculous incentive programs that work to encourage distributors and retailers to sell its products while avoiding craft beer. Cool, if true.
quote:
Here’s what the Brewers Association had to say about the deal: “Today’s decision by the Department of Justice (DOJ) to approve the acquisition of SABMiller by ABI stipulates many of the safeguards the Brewers Association requested to preserve fair competition and access to market for America’s small and independent craft brewers. “While we continue to believe that the merger of the world’s two largest brewers is bad for both the beer industry and consumers, the DOJ’s significant requirements, including the termination of incentive programs such as the Voluntary Anheuser Busch Incentive for Performance Program (VAIP), a cap on ABI’s self-distribution volume and other measures to protect distributor independence, appear to address some of our major apprehensions with the merger. With effective enforcement of these provisions, small brewers can rely on their independent distributor partners to access the market. This will help ensure that beer enthusiasts can continue to enjoy a vast variety of options from the more than 4,600 breweries in the U.S.
quote:
Molson Coors will pay $12 billion to acquire AB InBev’s 58 percent stake in MillerCoors and will make and sell Miller Light and Coors Light, in the U.S., and will have the rights to the Miller brand outside the U.S.
Posted on 7/27/16 at 4:30 pm to BugAC
The craft beer revolution sure has wreaked havoc in the big beer business. It makes me wonder if the large liquor producers will see the same problems with all of these craft distillers popping up.
Posted on 7/27/16 at 5:12 pm to BugAC
I don't care as long as they don't go changing my Mich Ultra
Posted on 7/27/16 at 5:14 pm to upgrayedd
quote:FIFY
I don't care about Mich Ultra
Posted on 7/27/16 at 5:15 pm to upgrayedd
Mate, do you like Limearitas as well?
Posted on 7/27/16 at 5:38 pm to BugAC
quote:
AB InBev’s $103.6 billion takeover bid for SABMiller Plc was thrown into disarray after the target company suspended integration of the two brewers following a rebellion from shareholders who say they haven’t been compensated enough for the pound’s recent plunge.
SABMiller managers asked employees to halt work knitting together the two companies, with Chief Executive Officer Alan Clark saying in an internal memo that “there should be no contact with AB InBev with immediate effect.” Advisers continue to work on the transaction, and SABMiller’s board hasn’t decided to walk away from the deal as it reviews an improved offer from AB InBev, people familiar with the matter said. The brewers declined to comment on the memo reviewed by Bloomberg News.
What looked like a done deal just weeks ago has morphed into a battle pitting the world’s biggest brewer against SAB investors who oppose terms they say withered since the U.K. voted last month to leave the European Union. While AB InBev nudged up its bid Tuesday, some shareholders remain opposed -- raising further questions over completion of an industry-transforming transaction affecting companies from the U.S. to Africa to Asia.
Popular
Back to top
Follow TigerDroppings for LSU Football News