So much happening in the Budmillors businesses…
MillerCoors, the new joint venture between SABMiller and Molson Coors Brewing Co., finally takes shape next week.
The joint venture – which closes Monday – will unite the U.S. operations of the two brewers and will help prune costs. It will also create a more formidable rival to giant Anheuser-Busch at a time when the Budweiser maker is wrestling with the distractions of a $46 billion unsolicited bid from Belgium’s InBev. Gains from the joint venture are expected to give Molson Coors’ earnings a boost and ultimately help the stock.
The MillerCoors joint venture will sell brands such as Miller Lite and Coors Light and will have a roughly 30% market share in the U.S. By comparison, Anheuser, the nation’s largest brewer, controls nearly half the market.
Read the full story at CNN.com