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June 12, 2014
07:56 EDTSBMRY, TAP, ABVMolson Coors could benefit from a AmBev, SABMiller combination, says ISI Group
ISI Group beileves Molson Coors (TAP) could play a role in a potential AmBev (ABV) acquisition of SABMiller (SBMRY). The analyst said Molson Coors would likely acquire SAB's 58% stake in the MillerCoors joint venture at an attractive, very accretive price, providing AmBev a solution to U.S. anti-trust issues. The firm expects Molson Coors' June 25 Investor Day to have a large crowd given the increased interest and speculation but expects management to focus on brand momentum, innovation and business model progress. Shares of Molson Coors are Buy rated with a $75 price target.
News For TAP;SBMRY;ABV From The Last 14 Days
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October 6, 2015
06:47 EDTSBMRYAB InBev not expected to make hostile offer for SABMiller, NY Post says
As rumors swirl that SABMiller (SBMRY) has rejected an informal proposal from AB InBev (BUD), The New York Post reports that AB InBev has "decided internally" not to make a hostile offer for the brewer and that it will only make an offer SAB is prepared to accept. According to a source cited by The Post, there is a 60% change AB InBev will make an offer for SAB "that will be rich enough for SAB to accept." Reference Link
06:22 EDTSBMRYAB InBev's informal offer rejected by SABMiller, Bloomberg reports
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06:18 EDTSBMRYSABMiller says Q2 group NPR declined 9% on reported basis
On a reported basis, group NPR declined by 9% for both the half and the second quarter due to the translational impact on its results of continued depreciation of our key operating currencies against the US dollar. Group NPR grew by 4% based on volume growth of 1% and price and mix realisation of 4%. Growth accelerated in the second quarter with group NPR and beverage volume growth of 6% and 2% respectively for that period. Continued depreciation of its key operating currencies against the US dollar has continued to have an adverse translational impact on reported performance with reported group NPR declining by 9% for both the half and the second quarter. CEO Alan Clark commented, "While adverse currency movements have materially impacted our reported results, we have a strong business with exceptional long term prospects. Our strategic priority of driving superior top line growth through strengthening our brand portfolios and expanding the beer category is showing clear results."
October 2, 2015
06:56 EDTSBMRYHSBC CEO met with AB InBev over SABMiller deal financing, Sky News reports
HSBC (HSBC) CEO Stuart Gulliver has met with executives from AB InBev (BUD) about playing a major role in financing the possible takeover of SABMiller (SBMRY), Sky News reports. AB InBev is expected to make a formal bid for SABMiller next week, the report says. Reference Link
September 29, 2015
12:12 EDTSBMRYAB InBev taps BofA, Santander for SABMiller offer financing, Bloomberg says
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September 27, 2015
21:20 EDTSBMRYAB InBev expected to make GBP70B offer for SAB Miller, Sunday Times says
AB InBev (BUD) has held friendly talks with SAB Miller (SBMRY) in recent days and the company is expected to make a GBP70B offer for its British rival within days, reports the Sunday Times, citing sources. An announcement could be made Monday morning, said the report. Reference Link
September 24, 2015
06:23 EDTSBMRY, TAPHeineken, Carslberg won't benefit from SABMiller-AB InBev merger, WSJ says
Brewers Heineken (HEINY) and Carlsberg will not likely see any benefit from a proposed merger of SABMiller (SBMRY) and AB InBev (BUD), the Wall Street Journal reports. Analysts have suggested that there are a few takeover opportunities for the two brewers as part of a successful AB InBev takeover of SABMiller, the report says. If options do arise, Heineken would have more to explore than Carlsberg since it is larger and more profitable, the report says. Still, some believe Molson Coors (TAP) is seen as the most likely buyer of any assets from SABMiller, including its stake in their joint venture MillerCoors, the report says. Reference Link

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