Posted on 08/28/2016 8:45:48 PM PDT by 2ndDivisionVet
*Which one is that?
Obama’s Just-Us Department approved the merger of Anheuser-Busch with Miller (and the absorption of some craft beer companies even though last SuperBowl they ran an anti-craft beer ad).
Monopoly? What monopoly?
http://www.nytimes.com/2016/07/21/business/dealbook/anheuser-busch-miller-merger-wins-us-antitrust-approval.html?_r=0
Anheuser-Busch InBev Merger With SABMiller Wins U.S. Antitrust Approval
By MICHAEL J. de la MERCEDJULY 20, 2016
The biggest beer merger in history has taken a major step toward completion.
Anheuser-Busch InBev said on Wednesday that the United States Justice Department had cleared its $106 billion proposed takeover of SABMiller, provided some conditions were met, all but clearing the way for the two biggest brewers in the world to merge...
The conditions dovetail with some existing pledges made by the beer giant, including selling the combined company’s majority stake in the MillerCoors joint venture to Molson Coors. That $12 billion sale would mean that Anheuser’s overall market share in the United States — 45 percent — would not change if the SABMiller merger went through.
Anheuser also agreed to sell brands like Grolsch, Peroni and Meantime to Asahi Group Holdings of Japan for about $2.9 billion...
So are Freedom Of Information Act requests.
AB is owned by Belgian-Brazilian brewer InBev.. it ain’t the American Icon it used to be.
You got that right. Bought a 30 pack of Genny Cream Ale for $10 in Augusta GA the other day. What a deal. I had forgotten how good it is. I drank it all through law school, but that was almost 40 years ago.
I haven’t heard Sherman Anti Trust even mentioned for ever. These big combines cost jobs and healthy competition.
Agenda 21 population reduction effort.
My Nephew owns a pub-restaurant in Austin that does not serve major brand beers. He has taps for about 25-40 craft/micro beers. ....It’s not on 6th St., but on a side street.
If the AB-Miller merger would just result in the elimination of the flavored water beers of Coors, Coors Light and Bud Light, then it might not be so bad.
I drink Yuengling. Family owned and operated American company since 1829.
It’s good beer.
How the heck does this monopoly merger get FTC approval? This is surely a violation of the Sherman Anti Trust Act. Perhaps there was a large donation to the Clinton Foundation.
I used to drink Bud Light, particularly when I was out with the guys.
No more. And if they're buying Miller, no more MillerTime, either.
Too bad.
As long as nobody in the District of Corruption loses their jobs the economy is fine.
Pray America wakes
ROFL!! It’s a trifecta!!
Because it is a Belgian company buying a British company and the U.S. antitrust laws don't apply?
These are not U.S. corporations. This is a Belgian corporation buying a British corporation and the only reason that the U.S. enters into this news at all is because both companies own U.S. brewers.
US markets so US laws, no matter where the company has HQ. Same for why the EU can fine Microsoft.
Ok, did not know that. Should have guessed and googled. Thanks.
That’s true but I’d hate to se the loss of jobs.
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