Justice Department Clears AB InBev's Takeover of SABMiller
21 July 2016 - 5:20AM
Dow Jones News
The Justice Department on Wednesday signed off on Anheuser-Busch
InBev NV's roughly $108 billion acquisition of rival SABMiller PLC,
after the beer companies agreed to several conditions to secure the
government's approval.
As part of the Justice Department and AB InBev settlement, the
brewer agreed to allow antitrust enforcers to review the brewer's
future craft beer and distributor acquisitions. The settlement also
prohibits the Belgian-based brewer from instituting incentive
programs that encourage AB InBev distributors to sell and promote
its beers over rivals.
AB InBev already had agreed to sell SABMiller's U.S. business
interest to Molson Coors Brewing Co. in a pre-emptive move to win
antitrust approval. The $12 billion sale to Molson of SABMiller's
58% interest in MillerCoors and U.S. rights to brands like Peroni
means AB InBev's 45% share of the U.S. market won't change.
Write to Tripp Mickle at Tripp.Mickle@wsj.com and Brent Kendall
at brent.kendall@wsj.com
(END) Dow Jones Newswires
July 20, 2016 15:05 ET (19:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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