Merger for SABMiller and Molson Coors

After years of pummeling each other, Coors and Miller are getting hitched.

SABMiller and the Brewing Company">Molson Coors Brewing Company, the nation’s No. 2 and No. 3 brewers, said yesterday that they would merge their operations in the United States and Puerto Rico, a move that Wall Street analysts have long expected.

The joint venture, to be known as MillerCoors, would have $6.6 billion in annual sales and eventually result in $500 million in annual cost savings, the companies estimated. It will also become a more formidable No. 2 challenger to the Anheuser-Busch Companies, which has long dominated the American market.

Read Full Article from New York Times

- Posted: 2007-10-10 10:17:54

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