A-B InBev Wins U.S. Nod for SABMiller With Craft-Beer Limits
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Anheuser-Busch InBev won U.S. antitrust approval for its takeover of SABMiller, after the maker of Budweiser agreed to give up ownership of the Miller brand and open the door to greater competition from craft beers.
A-B InBev will sell SABMiller’s stake in MillerCoors LLC and refrain from practices that restrict distribution of smaller, competing brands, according to a court filing Wednesday in Washington.
The agreement to allow the brewing juggernauts to combine runs counter to the government’s moves against other big deals in the past year — the Justice Department and the Federal Trade Commission have killed proposed tie-ups in the cable, office supplies and oil drilling industries, among others. In this case, the companies proposed asset sales from the start that resolved antitrust officials’ concerns that the deal would harm competition.
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