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Teamsters Urge Court Intervention to Protect Public Interest in Mega Beer Merger

(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

Teamsters: DOJ Antitrust Enforcers Miss Opportunity in Mega Beer Deal

(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). 

Hoffa to US AG Lynch: No Beer Merger Without Remedy to Antitrust Concerns Arising from Eden 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.

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