The bottling company responsible for bottling Budweiser beer, Ardagh Glass, announced plans to divest that unit of its operations in hopes the move will quell competition concerns over its planned expansion in the nation.
According to sources, Ardasgh is set to receive bids for the Budweiser bottling operation Anchor Glass this week. It acquired the company for $892 million in 2012, according to reports.
Sources note, however, that the bidding will not necessarily mean a definite acquisition. But Ardagh is likely looking to appease the Federal Trade Commission which is concerned over its buyout of French competitor Saint-Gobain, having struck a deal to acquire its US businesses for $1.7 billion.
Full Content: Irish Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI