InBev to jump InBed with A/B?
A report released today from the Associated Press in London indicates that European brewing giant InBev may be working on a $46 billion dollar bid for Anheuser-Busch. Following suit, this would mark the third and final of the big three American Brewers to consolidate with a foreign owned brewer (Coors joined with Molson and Miller joined with SAB, and now MolsonCoors and SABMiller are targeting a merger).
This all points to further heat in the beer industry, as escalating raw materials costs have forced breweries to consolidate operations and look for ways to keep the profit margins healthy (especially for those who are publicly traded and have obligations to shareholders).
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