As the world’s beer market continues to discuss the possibility of top brewer AB InBev acquiring SABMiller, a smaller beer merger has emerged.
Russian brewer Oasis Beverages has reportedly acquired a majority stake in US-based Pabst Blue Ribbon Beer. The company announced Thursday that it struck deals to acquire Pabst Brewing Company, which makes PBR, Colt 45 and Old Milwaukee.
The company’s headquarters will remain in the US despite the foreign takeover, reports say.
The world’s beer industry has been in flux in recent weeks. Before the PBR deal, Heineken rejected a takeover offer from SABMiller, an effort reports said was part of SABMiller’s plans to thwart a takeover by AB InBev. Now, rumors are heating up that AB InBev could make its move and create a beer brewing behemoth.
Full content: Kiro TV
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Trump’s Nominee for Attorney General Could Intensify Big Tech Battles
Nov 14, 2024 by
CPI
In Regulatory First, CFPB Pushes to Supervise Google’s Financial Offerings
Nov 14, 2024 by
CPI
Apple Faces £3 Billion Lawsuit in UK Over iCloud Monopoly Allegations
Nov 14, 2024 by
CPI
EU Issues Major Antitrust Fine Against Meta for Facebook Marketplace
Nov 14, 2024 by
CPI
EU Probes Novo Holdings’ $16.5 Billion Acquisition of Catalent
Nov 14, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI