A-B Buying American Eagle, Exchanging KY Operations for Standard Sales in Colora

Dear Client: Anheuser-Busch has entered into two separate wholesaler transactions in the state of Colorado, purchasing American Eagle Distributing in Loveland "and transferring ownership of our Kentucky operations to Standard Sales Company in exchange for its operations in Littleton, Pueblo and Colorado Springs," per imminent company announcement. The Loveland distributorship does about 3 million cases of A-B; Standard Sales is about 4.5 million cases of A-B. A-B's VP of Business and Wholesaler Development, Bob Tallett, explained the rationale behind the