Molson Coors to Acquire Full Ownership of MillerCoors JV, Global Miller Brand Portfolio for $12B

Molson Coors Brewing Company TAP today announced that it has entered into a definitive agreement with Anheuser-Busch InBev SA/NV BUD to purchase SABMiller plc's SBMRY ) 58% stake in MillerCoors, the joint venture formed in the United States by SABMiller and Molson Coors in 2008. Molson Coors currently owns 42% of MillerCoors. Under the agreement, Molson Coors will also acquire full ownership of the Miller brand portfolio outside of the U.S. and retain the rights to all of the brands currently in the MillerCoors portfolio for the US market, including Redd's and import brands such as Peroni and Pilsner Urquell. The transaction is valued See full press release