The beer business is consolidating and Molson Coors will be a winner, said TheStreet’s Jim Cramer. Shareholders of Anheuser-Busch InBev and SABMiller plc have signed off on the $103 billion merger of the brewery giants. The separate shareholder votes Wednesday bring Molson Coors Brewing Co. a large step closer to taking over MillerCoors, which runs its U.S. business. In order to gain antitrust approval for the AB-InBev/SABMiller merger, SABMiller agreed to sell its 58% stake in MillerCoors to Molson Coors for $12 billion so that the combined beermaker would not dominate the domestic market.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
