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MO Altria Group Inc

44.005
0.185 (0.42%)
Last Updated: 18:51:22
Delayed by 15 minutes
Share Name Share Symbol Market Type
Altria Group Inc NYSE:MO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.185 0.42% 44.005 44.14 43.63 44.00 5,612,998 18:51:22

Justice Department Clears AB InBev's Takeover of SABMiller

20/07/2016 8:20pm

Dow Jones News


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The Justice Department on Wednesday signed off on Anheuser-Busch InBev NV's roughly $108 billion acquisition of rival SABMiller PLC, after the beer companies agreed to several conditions to secure the government's approval.

As part of the Justice Department and AB InBev settlement, the brewer agreed to allow antitrust enforcers to review the brewer's future craft beer and distributor acquisitions. The settlement also prohibits the Belgian-based brewer from instituting incentive programs that encourage AB InBev distributors to sell and promote its beers over rivals.

AB InBev already had agreed to sell SABMiller's U.S. business interest to Molson Coors Brewing Co. in a pre-emptive move to win antitrust approval. The $12 billion sale to Molson of SABMiller's 58% interest in MillerCoors and U.S. rights to brands like Peroni means AB InBev's 45% share of the U.S. market won't change.

Write to Tripp Mickle at Tripp.Mickle@wsj.com and Brent Kendall at brent.kendall@wsj.com

 

(END) Dow Jones Newswires

July 20, 2016 15:05 ET (19:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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