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Labatt to partner with Tilray to tap cannabis drink market

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Toronto | Reuters — Anheuser-Busch InBev, the world’s largest brewer, and Canadian pot producer Tilray Inc. are partnering in a US$100 million joint venture to research cannabis-infused non-alcoholic drinks for the Canadian market, the companies said Wednesday. The alliance, the latest in a string of deals by global alcohol and tobacco giants in Canada’s cannabis […] Read more
SABMiller, whose brands in Canada include Miller and Foster’s, and AB InBev, whose Canadian brands include Keith’s, Labatt Blue and 50 and Kokanee, are now expected to close their merger by Oct. 10. (Keiths.ca/SABMiller.com)
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SABMiller investors approve takeover by AB InBev

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London/Brussels | Reuters — SABMiller shareholders overwhelmingly backed the brewer’s takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. When the deal closes, which AB InBev said Wednesday it expects to happen Oct. 10, the combined group will sell more than a quarter of […] Read more
Mill Street CEO Irvine Weitzman, Labatt president Jan Craps and Mill Street’s brewmaster Joel Manning and co-founder Steve Abrams (l-r) on Friday announced Labatt has bought the Toronto craft beer company. (CNW Group/Labatt Breweries of Canada)
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Labatt buys Toronto craft brewer Mill Street

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An award-winning Toronto craft brewer, famed as the biggest certified organic brewer in Canada, is now owned by the makers of Bud and Blue. Labatt Breweries, the Canadian arm of Anheuser-Busch InBev, announced Friday it has bought Mill Street Brewery for an undisclosed sum and will “immediately” invest $10 million in upgrades at Mill Street’s […] Read more
(SABMiller.com)
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SABMiller rejects Labatt owner’s takeover approach

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Brussels/London | Reuters –– SABMiller, the world’s second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound (C$136 billion) valuation was “very substantially” under par. Refusal of the offer, made public Wednesday after earlier proposals were refused privately, opens the door to a week of intense wrangling before […] Read more
AB InBev’s operations include Alexander Keith’s maker, Halifax-based Oland Breweries, which became part of Labatt in 1971. (Keiths.ca)
Crops, Markets

Labatt owner AB InBev seeks US$275B tie-up with SABMiller

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Brussels/London | Reuters — Anheuser-Busch InBev, the world’s largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world’s beer. A merged group would have a market value of around US$275 billion (C$363 billion) at current prices, and would combine AB InBev’s dominance of Latin America […] Read more

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