Maloof Out of Beer Business

Dear Client:The Maloof brothers, that prolific beer and banking family from New Mexico that made waves as a famous casino owner in Las Vegas (the Palms), has signed a letter of intent to sell their New Mexico blue-silver beer distributorship. In a surprise move, Kelly Clay from Admiral Beverage, a Pepsi bottler from Wyoming, has signed a LOI to acquire the Maloofs. Kelly also owns a Coors Distributor in Utah and a few small beer distributors in Wyoming. I say