16 Nov Molson Coors To Acquire SABMiller’s Interest In Miller Coors For $12 Billion
Anheuser-Busch InBev (“AB InBev”) (Euronext: ABI) (NYSE: BUD) today announced an agreement with Molson Coors Brewing Company (“Molson Coors”) (NYSE: TAP) (TSX: TPX) regarding a complete divestiture of SABMiller plc’s (“SABMiller”) (LSE: SAB) (JSE: SAB) interest in MillerCoors LLC (“MillerCoors”), a joint venture in the U.S. and Puerto Rico between Molson Coors and SABMiller (the “MillerCoors Transaction”). The total transaction is valued at 12 billion USD and is conditional on the completion of AB InBev’s previously announced acquisition of SABMiller (the “SABMiller Transaction”). The SABMiller Transaction is expected to complete in the second half of 2016, subject to satisfying the relevant regulatory clearances.
Under the terms of the purchase agreement, Molson Coors will acquire SABMiller’s 50% voting interest and 58% economic interest in MillerCoors. Upon completion of the transaction… CONTINUE READING AT BEERPULSE.COM