Now that antitrust authorities have given the go-ahead to SABMiller’s planned U.S. joint venture with Molson Coors Brewing (TAP), there is even more reason for Anheuser-Busch (BUD) to make a deal with InBev. Credit Suisse:
[We] believe MillerCoors is a game changing event and will be a positive earnings driver for both outperform rated Molson Coors and SABMiller. We also believe this places greater pressure on Anheuser-Busch, who continues to be boxed in domestically and internationally.
Combining the #2 and #3 largest US brewing operations will certainly change the competitive landscape. How much longer can the Busch family afford to pooh-pooh an InBev deal?
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