Some of the names on the move ahead of the open. » Read More
DENVER— Beer maker Molson Coors Brewing said Tuesday that its first-quarter profit nearly doubled aa it sold a brewery in Canada. Molson Coors, based in Denver, sells Coors Light, Blue Moon and other beers in North and South America, Europe and Asia. Molson Coors reported net income of $158.8 million, or 78 cents per share, in the three months ending March 31, compared...
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BRUSSELS, Dec 3- Anheuser-Busch InBev is looking to sell SABMiller's Grolsch and Peroni brands in a bid to address potential concerns among European competition regulators over its planned acquisition of the world's second largest brewer. The sale of the brands and their related businesses in Italy, the Netherlands and Britain would be conditional on AB...
BRUSSELS, Dec 3- Anheuser-Busch InBev is looking to sell SABMiller's Grolsch and Peroni brands in what it said was a bid to address potential EU antitrust concerns over its planned acquisition of the world's second largest brewer. The sale of the brands and their related businesses in Italy, the Netherlands and Britain would be conditional on AB InBev...
Dec 3- Anheuser-Busch InBev SA:. *Update on SABMiller's european business. *Anheuser-Busch InBev exploring sale of part of SABMiller's European business.
WASHINGTON, Nov 30- Anheuser-Busch InBev's bid to buy its biggest rival, SABMiller, will be the subject of a U.S. Senate hearing next week, the Senate Judiciary Committee said on Monday. AB InBev, whose takeover of SABMiller would be one of the largest mergers in corporate history, formally announced early in November that it would buy SABMiller for $106 billion.
Nov 16- Constellation Brands Inc said it will buy Sculpin IPA-owner Ballast Point Brewing& Spirits for about $1 billion to enter the fast-growing craft beer market, in what will be its biggest acquisition since 2012.. Constellation does not expect the Anheuser-Busch InBev-SABMiller Plc colossus to hurt its market of high-margin Mexican brews such as Corona...
Wall Street looked set for a higher open on Wednesday, with trade seen quiet due to Veterans Day in the U.S. and Armistice Day in most of Europe.
Some of the names on the move ahead of the open.
U.S. stock futures were higher this morning, building on a late afternoon comeback on Wall Street that saw the S&P 500 break a four-day losing streak and the Dow finish the day on the upside.
LONDON, Nov 11- Molson Coors expects to maintain is current strategy and investment grade rating following its $12 billion takeover of the U.S. MillerCoors joint venture, its chief executive told Reuters on Wednesday. Bolt-on acquisitions, such as the majority stake Molson bought last month in craft brewer Saint Archer, will remain on the table, CEO Mark Hunter...
*Sees savings of $1.4 bln from SABMiller takeover. BRUSSELS/ LONDON, Nov 11- Anheuser-Busch InBev, the world's biggest brewer, launched its $100 billion- plus offer for nearest rival SABMiller on Wednesday and agreed to sell the latter's stake in U.S. venture MillerCoors to help win regulatory approval. AB InBev has also reached an agreement to sell SABMiller's 58...