Anheuser-Busch InBev (AB InBev) has been all over the news over the past 24 hours. Some of the news has been good (for them) while some, not so much. But hey, there’s no such thing as bad press, right? So sit back, pop open a fizzy yellow beverage (if you must) and read all about the happenings over in the boardrooms at AB-InBev.
AB-InBev in the News
If You Can’t Beat Them…
After turning down several earlier offers, SABMiller has finally accepted an offer to be acquired by AB InBev for £68 billion ($104.2 billion U.S. dollars). The deal still must be approved by regulators, but if it goes through AB InBev would become the largest brewery in the world by far, with annual sales of $55-million. Many details need to be worked out, and it’s likely that for the merger to be approved by the U.S. Department of Justice some assets would need to be sold off, like SABMiller’s stake in the MillerCoors joint venture. Still, this is a pretty big deal. Literally. If completed this would be the biggest beer deal of all time, and among the top five takeovers ever.
Read the full CNN Money article:
Is AB InBev buying distributors to limit distribution of craft beer brands?
Reuters has reported that the U.S. Justice Department, along with California regulators, are investigating allegations by craft brewers that AB InBev is acquiring distributors to make it more difficult for the small craft breweries to get their product on store shelves. In the past few months, AB InBev has made deals with five distributors in three states, including two distributors in Colorado. Several craft breweries have complained that after being acquired the distributors are being forced to drop many of the non-AB InBev beers they previously sold from their portfolio. Of course, AB InBev denies any wrongdoing, and assures everyone they are cooperating with investigators. It will be interesting to see how this all shakes out.