So much happening in the Budmillors businesses…<br />
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MillerCoors, the new joint venture between SABMiller and Molson Coors Brewing Co., finally takes shape next week.<br />
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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.<br />
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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.<br />
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Not sure who owns your favorite frosty brews anymore? Neither were we. Read <a href="http://www.drinkamerican.us/faq/31-general/59-who-owns-what-beers.html"><strong>Who Owns What Beers?</strong></a> on <a href="http://www.drinkamerican.us/faq/31-general/59-who-owns-what-beers.html"><strong>DrinkAmerican.US</strong></a><br />
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Read the full story at <a href="http://money.cnn.com/news/newsfeeds/articles/djf500/200806271516DOWJONESDJONLINE000684_FORTUNE5.htm"><strong>CNN.com</strong></a>
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