Attorneys General Ask Phusion to Slash Four Loko Alcohol
FILED OCTOBER 6, 2015
Phusion Projects' Four Loko has found itself in hot water yet again. Attorney General Kathleen G. Kane and attorneys general from 16 other states penned a letter to the company this week voicing "serious concerns about the alcohol content in Four Loko," per BCTV report.
SABMiller Reports Early: MillerCoors STRS Down 3% for the Half
FILED OCTOBER 6, 2015
Because SABMiller is in an offer period, the brewer reported the six months ended Sept. 30 earnings early...
MegaBev: Could Asahi Be a Dark Horse Contender for MillerCoors Stake?
FILED OCTOBER 5, 2015
Bernstein's Trevor Sterling sent note on Friday revisiting the company's outlook on "MegaBrew." Bernstein suggests there are "two core reasons why SAB is attractive to ABI."
Judge Rules Against Monarch Spirit Sales: "Ours is not to Determine the Best Way
FILED OCTOBER 2, 2015
As WSD reported yesterday, Indiana-based Monarch Beverage Co. has lost its longtime court case against the state's Alcohol and Tobacco Commission. You may recall that Monarch has sought to take on spirits in addition to beer and wine.
Bull Calls for Beer All Around
FILED OCTOBER 1, 2015
In anticipation of Constellation's earnings call next week, Nik Modi of RBC sent a note detailing their expectations for the quarter. Nik and company think "the people found their beach" and predict Constellation to have good news. The bank believes Constellation will "comfortably hit" their 11% beer volume estimate.
More on Potential Deal Financing and Details
FILED SEPTEMBER 30, 2015
Bloomberg has reported that AB is lining up as much as $70 billion with the likes of Bank of America, Santander and more to finance its awaited proposal for SABMiller, "according to people familiar with the matter." Recall that other publications have put the bid number at north of $100 billion.
LNK Partners Gets 15% Dogfish Ownership
FILED SEPTEMBER 29, 2015
Dogfish chief Sam Calagione shared the following news with employees. They'll give New York-based LNK "a modest 15% ownership position." One more for the private equity succession plan camp.