Anheuser Busch Inbev SA (BUD.N) Key Developments | Reuters.com
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Anheuser Busch Inbev SA (BUD.N)

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Latest Key Developments (Source: Significant Developments)

Ab Inbev welcomes clearance decision in South Africa for proposed combination with Sabmiller
4:28am EDT 

Anheuser Busch Inbev Sa : Welcomes clearance decision in South Africa for proposed combination with Sabmiller . Competition tribunal's approval represents the conclusion of the merger approval process in South Africa .Confirms that AB Inbev is well on track to close the combination in the second half of 2016.  Full Article

S. Africa's Competition Tribunal approves AB InBev, SABMiller deal
4:19am EDT 

SA's Competition Tribunal : Approves Anheuser-Busch InBev merger with SABMiller with attached conditions . Conditions are for the most part similar to those proposed by the Competition Commission in its recommendation . Material change to condition relates to the mechanism for the timing and mechanics of the disposal of the SABMiller interest in Distell . Material changes to the conditions relate to access rights of rivals to fridge space supplied to outlets by the merged firm . Tribunal will be providing reasons for its approval in due course . Materail changes also relate to supply conditions of input suppliers, particularly in respect of barley farmers . Evergreen restriction on merger related retrenchments whilst retained has been clarified . Materail changes also relate to provision relating to an employee share scheme known as Zenzele that has been removed at the request of both parties . Material changes to the access of competitors to metal bottle crowns supplied by the SABMiller controlled entity Coleus packing . Provision on merger related retrenchments shifts burden to employee after a period of 5 year, of proving that retrenchment is result of merger Further company coverage: [ABI.BR] [SAB.L].  Full Article

AB InBev comments on SABMiller deal clearance in South Africa
4:17am EDT 

Anheuser Busch Inbev Sa : Clearance decision in south africa . Anheuser-Busch InBev welcomes clearance decision in South Africa for proposed combination with SABMiller . Confirms that AB InBev is well on track to close combination in second half of 2016 . Competition Tribunal's approval represents conclusion of merger approval process in South Africa . AB InBev has now obtained approval in 16 jurisdictions .In remaining jurisdictions where regulatory clearance is still pending, AB InBev will continue to engage proactively with relevant authorities.  Full Article

Molson Coors unit announces proposed private offering
Tuesday, 28 Jun 2016 11:27am EDT 

Molson Coors Brewing Co : Says its unit has commenced a private placement offering in Canada of Canadian dollar-denominated senior note . Molson Coors Brewing Company announces proposed private offering of Canadian dollar-denominated senior notes in Canada . Intends to use net proceeds of this offering to partially fund previously announced acquisition from Anheuser-Busch Inbev SA/NV .Intends to raise additional debt financing in international markets to finance remaining amounts necessary for the acquisition.  Full Article

Fitch downgrades Molson Coors to 'BBB-'; outlook stable
Friday, 24 Jun 2016 01:59pm EDT 

Fitch: Fitch Downgrades Molson Coors To 'BBB'; outlook stable . 'BBB-' rating reflects confidence regarding Molson Coors' commitment, expected de-leveraging path during next 3 years after transaction close .Downgrade reflects expectation that leverage from molson coors acquisition of Sabmiller's stake in MillerCoors to be towards mid-3x range by 2019.  Full Article

S.Africa's Competition Tribunal sets date SABMiller deal hearing
Tuesday, 7 Jun 2016 07:34am EDT 

S.Africa's Competition Tribunal : INBev/SABMiller matter set down for hearing by Tribunal on 22,23,24 June . Some parties have indicated they may intervene in this matter . It will only be clear which parties are intervening by June 15, when they make their submissions. Further company coverage: [ABI.BR] [SAB.L].  Full Article

S.Africa's Competition Tribunal panel on SABMiller deal being constituted
Tuesday, 7 Jun 2016 05:29am EDT 

South Africa's Competition Tribunal : Asks till end of day for final dates . Two proposed - inbev/sabmiller case . Inbev matter panel is still being constituted; initial dates are original dates; case is being expedited. Further company coverage: [ABI.BR] [SAB.L].  Full Article

Ab Inbev details proposal for SAB's broad-based black economic empowerment scheme
Tuesday, 7 Jun 2016 03:59am EDT 

Anheuser-busch Inbev Sa : Provides details on its proposal to enhance SAB's broad-based black economic empowerment scheme ("Zenzele" / "Zenzele Scheme" . Ab Inbev proposal would protect and enhance participants' existing investment by guaranteeing a minimum value for SAB zenzele shares . AB inbev is proposing an upfront advance cash payment for zenzele participants to be paid shortly after closing combination. . inbev - has committed to provide zenzele participants with same premium that is being offered to sabmiller shareholders as part of proposed combination of two businesses . Cash payment would be roughly equivalent to total gross dividends paid to participants from 2010 up to november 2015 Further company coverage: [ABI.BR] ((Bengaluru Newsroom +918067491136;)).  Full Article

AB InBev, Starbucks to partner on tea distribution in the U.S- WSJ
Thursday, 2 Jun 2016 03:35pm EDT 

: AB InBev, Starbucks to partner on tea distribution in the U.S -WSJ, citing sources Source (http://on.wsj.com/1XlDilF) Further company coverage: [ABI.BR,SBUX.O] (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

U.S. Justice Department is close to approving AB InBev-Sabmiller deal - Bloomberg
Wednesday, 1 Jun 2016 12:15pm EDT 

: U.S. Justice Department is close to approving AB InBev-Sabmiller deal - Bloomberg, citing sources .U.S. clearance of AB Inbev-Sabmiller deal is on track for later this month - Bloomberg, citing sources.  Full Article

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South Africa clears AB InBev's takeover of SABMiller

JOHANNESBURG South Africa cleared Anheuser-Busch Inbev's $100 billion-plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months.