Pursuits
Molson Coors Set to Double Sales With $12 Billion Beer Deal
- Brewer to take full control of MillerCoors joint venture
- Miller brand to add to Molson Coors international portfolio
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Anheuser-Busch InBev NV isn’t the only brewer that may be getting a whole lot bigger because of its plan to buy SABMiller Plc.
In a $12 billion side deal devised to help the mega-merger clear antitrust hurdles, Molson Coors Brewing Co. plans to buy the Miller brand globally and purchase the other 58 percent of the MillerCoors U.S. joint venture. The takeover would more than double Molson Coors’ revenue, which was $4.15 billion last year, and add $1 billion in earnings before interest, taxes, depreciation and amortization.