Foster’s has reportedly hired an advisor to shield them from possible takeover predators. Speculation has been rife that Australia’s largest brewer would be subject to takeover bids as the beer industry continues to go through a major consolidation phase. Among this year’s major deals have been the combination of the world’s second and third largest brewers, InBev and Anheuser-Busch, the purchase of Scottish & Newcastle by Heineken and Carlsberg and the merger of the US... ...Read more »
InBev has announced that it is still committed to its proposal to create the world’s leading beer company through the acquisition of Anheuser-Busch. The proposal, which was put to Anheuser last month, would create the world’s largest brewer, eclipsing SABMiller. Anheuser-Busch, famous for their ownership of Budweiser, rejected the offer last week as their Board considered that the valuation of $46 billion was too low. Carlos Brito, Chief Executive Officer of InBev, remains steadfast in... ...Read more »
SABMiller plc and Molson Coors Brewing Company announced overnight that they have closed the transaction to combine their U.S. and Puerto Rico operations to create MillerCoors.MillerCoors, which will begin operating as a combined entity today, will be the second largest US brewer with the scale, resources and distribution platform to succeed in the highly competitive marketplace. “As a unified company with a world-class board and leadership team in place, MillerCoors will be able to create... ...Read more »
InBev have reaffirmed their interest in Anheuser-Busch via a letter prodding a response from the American company. The unsolicited takeover bid, which values Anheuser-Busch at US$46.3b, was made two weeks ago, but Anheuser-Busch has since remained coy about their possible response. It has been reported that members of the Busch family are divided about the potential takeover, while the company’s second largest shareholder, billionaire investor Warren Buffett, had been in support of... ...Read more »
Consolidation in the beer industry has been a noticeable trend over the past decade but the potential takeover of Anheuser-Busch by InBev would certainly shake the sector up. If the deal goes ahead it would merge together the second and third largest brewers in the world, creating one of the five largest consumer products companies and the largest brewing corporation - eclipsing current leader SABMiller. The audacious offer by InBev, owner of the Beck’s, Stella Artois and Hoegaarden... ...Read more »
SABMiller and Molson Coors have received clearance from the US Department of Justice to proceed with the combination of their respective US and Puerto Rico operations to form a new company called MillerCoors. SABMiller and Molson Coors, the second and third largest brewers in the US, expect the transaction to generate approximately $500 million in annual cost synergies. The deal, symbolic of the consolidation taking place in the beer industry, is likely to result in the two largest US brewers holding... ...Read more »
Rumours abound about a major takeover in the beer industry. InBev, the Belgian-based owner of the Beck’s, Stella Artois and Hoegaarden brands, is apparently considering a $46b bid for US brewer Anheuser-Busch. The takeover speculation, reported at the end of last week by the Financial Times, led Anheuser-Busch to a 52 week high on the New York Stock Exchange. Anheuser-Busch, which manages the Budweiser brand, is expected to try and stave-off any unsolicited bids from InBev, but the... ...Read more »
Pacific Beverages, a brand under the Coca-Cola Amatil banner, have announced that they are to build a new brewery in NSW to help continue their push into the alcoholic beverage industry. The brewery will be built with the help of their joint venture partner, SABMiller. The announcement follows Pacific Beverages’ acquisition last December of the Hunter-based premium beer brands, Bluetongue and Bondi Blonde from majority Bluetongue shareholder John Singleton, and is considered the next... ...Read more »