Anheuser-Busch Strikes $106 Billion Takeover Of Miller Lite Brewer

Primalzer

TCG Elite Member
Sep 14, 2006
25,259
61
Anheuser-Busch InBev , the owner of Budweiser , Stella Artois and Corona, is poised to dramatically expand its stable of brands and become the dominant player in the global beer market after reaching an agreement to buy SABMiller , owner of Miller Lite, Peroni and Fosters, Tuesday morning.

After weeks of public negotiation AB InBev said SABMiller has agreed to a $67 a share takeover, valuing the London-based brewer at $106 billion, making for the biggest beer acquisition on record and one of the largest in corporate history.

Were the proposed deal to close it would create a combined company with revenues of $64 billion and EBITDA of $24 billion, surpassing Coca-Cola KO -2.44% in sales and roughly matching the revenues of Unilever and PepsiCo PEP -1.02%. Only Nestle and Procter & Gamble PG -1.37% would have significantly greater sales than the merged company in the consumer products space, AB InBev estimated in a presentation last week. A merger would also increase AB InBev’s exposure in emerging markets, particularly Africa, where gross domestic product is expected grow steadily in coming years.

“Given the largely complementary geographical footprints and brand portfolios of AB InBev and SABMiller, the combined group would have operations in virtually every major beer market, including key emerging regions with strong growth prospects such as Africa, Asia, and Central and South America,” the company said a week ago.

Since then, AB InBev has been able to get SABMiller to the negotiating table after a series of unsolicited bids were rejected.

AB InBev first disclosed it had approached SAB Miller about a merger in September. Initially, AB InBev offered $57 a share before making four bid increases in recent weeks, culminating in its Tuesday’s offer at $67. That price represents a 50% premium to SABMiller’s share price before reports of a possible merger emerged.

SABMiller shareholders also have the option of receiving some stock during the takeover. AB InBev said it would offer a partial share alternative to its cash proposal of 0.483969 unlisted shares and GBP 3.7788 in cash for each SABMiller share, equivalent to a value of GBP 39.03 per SABMiller share on Oct. 12, or a 33% premium.

Holy fuck...
 

Ti28

Cupcake
TCG Premium
Jan 23, 2013
10,388
2,158
Bartlett
They have a monopoly on shitty beer!

Inbev:

Goose Island Brewery
Michelob
Stella Artois
St. Pauli Girl
Budweiser
Spaten
Labatt
Boddingtons
Becks
Bass
Hoegaarden


SABMiller:

Miller
Coors
Icehouse
Olde English
Mickey's
Milwaukee
Leinenkugel
Redds
Pilsner Urquell
Castle
Peroni
Tyskie Gronie
Coors
Molson
Blue Moon
Pabst
Killian's



And many many more owned by both, that appear as "craft".
 

Primalzer

TCG Elite Member
Sep 14, 2006
25,259
61
They have a monopoly on shitty beer!

It's actually sort of amazing how many beers SAB Miller especially has grabbed over the last few years

N'gola, 2M, Castle Lager, Castle Milk Stout, Eagle, Fosters, Kilimanjaro, Haywards 5000, Royal Challenge, Knock out, Indus Pride, Snow, Zorok and White Bull. Carlton Draught, Cascade Draught (see Cascade Brewery), Foster's Lager, Melbourne Bitter, Pure Blonde, Victoria Bitter and the Matilda Bay Brewing Company portfolio. Pilsner Urquell, Šariš Brewery, Velkopopovický Kozel, Radegast, Nastro Azzurro, Peroni, Tyskie, Topvar, Ursus, Dreher, Grolsch and Lech. Isenbeck (Argentina), Aguila, Club Colombia, Costeña, Poker, Pilsen (Colombia), Cristal, Pilsen Callao, Pilsen Trujillo, Cusqueña, Arequipeña (Peru), Pilsener, Club (Ecuador), Pilsener, Regia, Suprema, Golden Light (El Salvador), Port Royal, Salva Vida, Imperial (Honduras), Atlas (Panama) and Balboa (Panama). Miller Lite, Miller Genuine Draft, Olde English 800, Milwaukee’s Best, Miller Chill, Hamm's and Leinenkugel. Castle Lager, Grolsch, Castle Milk Stout, Hansa Marzen Gold, Hansa Pilsener, Carling Black Label, Castle Lite, Redd’s, Peroni, Miller Genuine Draft, Brutal Fruit, and Sarita.
 
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