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(WAS(WASHINGTON) – In a comment letter submitted to the U.S. Department of Justice (DOJ) this week, the International Brotherhood of Teamsters raises serious questions whether the Antitrust Division has adequately remedied the harm to competition resulting from the largest beer merger in history – the $107 billion merger of Anheuser-Busch InBev (ABI) [NYSE: BUD] with SABMiller.
(WASHINGTON) – Without addressing capacity concerns that Teamsters warned will contract supply, increase prices, and harm competition in the U.S. beer market, the U.S. Department of Justice today provided antitrust approval for the megamerger of the world’s two largest brewers, Anheuser Busch InBev (NYSE: ABI) and SABMiller (LON: SAB), along with the related $12 billion divestiture of SAB’s stake in the MillerCoors Joint Venture to partner Molson Coors (NYSE: TAP).
Workers Independent News labor radio interviewed David Laughton, Teamsters Brewery and Soft Drink Workers Conference, about the letter sent to the US Attorney General by Jim Hoffa addressing concerns about the proposed merger and plans to shut down the Eden, North Carolina, brewery.
(WASHINGTON) – In a letter to U.S. Attorney General Loretta Lynch last week, Teamsters General President Jim Hoffa urged the Justice Department to reject any remedy to the pending mega-merger in the beer industry that does not address the competitive effects arising from MillerCoors’ decision to close its highly efficient brewery in Eden, North Carolina.
(DENVER) – Today, Teamsters protested outside the Molson Coors (NYSE:TAP) annual meeting of shareholders in Denver and raised concerns inside the meeting about the planned closure of the award-winning MillerCoors brewery in Eden, N.C.
The Milwaukee Business Journal reports that North Carolina has decided to investigate MillerCoors LLC's decision to close its Eden brewery.
(EDEN, N.C.) – North Carolina Attorney General Roy Cooper spoke at a Teamsters rally outside of the MillerCoors brewery in Eden, N.C., yesterday.
North Carolina Teamsters were joined by Roy Cooper, state attorney general, for a protest outside of the Eden MillerCoors brewing facility.