Hints and tips:
...For their part, both AB InBev and MillerCoors rejected the findings of the study....
...Since completing its $12bn deal to takeover its MillerCoors joint venture with SABMiller in 2016, the brand has been investing heavily to reverse declining volume levels, especially in its Blue Moon Belgian...
...She added: The two largest U.S. brewers – ABI and MillerCoors – will now remain independent competitors after the deal....
...The brewer’s shares rose 2.7 per cent to $101.13, responding to the bond deals, which will probably be used to fund its full takeover of MillerCoors....
...Since the Belgian brewer made a formal offer in November last year to buy SABMiller, it has agreed to sell several big brands, including MillerCoors to Molson Coors and Italy’s Peroni to Japan’s Asahi....
...In the US, AB InBev had previously agreed to sell SABMiller’s stake in MillerCoors to its joint venture partner Molson Coors. The European Commission, AB InBev and SABMiller all declined to comment....
...Owning the whole of MillerCoors will add roughly $4.74bn to Molson Coors’ net sales of $7.85bn in 2014....
...AB InBev’s brands control 46 per cent of the US beer market, while the MillerCoors joint venture accounts for 27 per cent....
...Molson Coors owns 42 per cent of the MillerCoors joint venture and has always been seen as the natural buyer for SABMiller’s larger stake....
...“Molson Coors’ purchase of the remaining interest in MillerCoors from SABMiller means that ABI will get nothing in the US.”...
...AB InBev has yet to make a firm offer for SABMiller, leaving valuations of MillerCoors up in the air....
...The company plans to pay down part of the two bridges with any excess proceeds from its sale of MillerCoors and then tap debt markets to convert the remaining portion into bonds....
...AB InBev has hired bankers to explore a sale of US assets — principally SAB’s 58 per cent stake in MillerCoors — in order to win regulatory approval for the proposed merger....
...In any case, regulators will probably demand that it divests the target’s stake in MillerCoors as the price of the deal....
...SABMiller has a near-30 per cent share of the US beer market through MillerCoors, its joint venture with Molson Coors....
...The surging demand for craft comes as exports of more traditional US beers, including those mass produced by AB InBev and MillerCoors, have tapered off, growing just 4 per cent from 2013-14 after experiencing...
...In June, Mr Swinburn said he would not rule out buying rival SABMiller’s 58 per cent stake in MillerCoors. Mr Swinburn announced last month that he would retire at the end of the year....
...Analysts with Stifel Nicolaus noted Molson Coors was the most likely candidate to buy out SABMiller’s stake in the pair’s US joint venture, MillerCoors, if a deal between SABMiller and AB InBev sparked regulatory...
...Customers such as the brewer MillerCoors, which uses aluminium in beer cans, claimed the logjams inflated raw materials costs by billions of dollars. Warehouse owners disputed this....
...At a US Senate hearing this summer, a senior executive at MillerCoors, the brewer, argued that “aluminium prices have become inflated” and estimated that LME rules had added $3bn a year to buyers’ costs....
...The Las Vegas show will also feature keynote speeches from MillerCoors, the brewer, and Audi, the carmaker....
...Moreover, end-users of aluminium such as MillerCoors, are not a big part of the warehouse queues. They have long-term off-take agreements with original producers....
...SABMiller, via its MillerCoors unit, owns craft brands Blue Moon and Leinenkugel’s. Last year AB InBev spent $39m on a stake in Chicago-based Goose Island....
...However in the US sales by its MillerCoors unit dropped by nearly 2 per cent, led by declines in the company’s low-calorie ‘Lite’ beer portfolio....
...The four are expected to replace Donald Powell, former head of the Federal Deposit Insurance Corp; Virgis Colbert, a former executive at MillerCoors; Charles Rossotti, a former executive at Carlyle Group...
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