SABMiller and Coors to Create U.S. Joint Venture

Wow, this is big news. We first noticed something was amiss yesterday when Molson Coors stock shot up over 2%. Then we got a call from an industry maven who had heard that something was shaking with Miller and Coors. But tight lips prevailed and we found ourselves at a dead-end. But this morning, a different story. BBD has learned that SABMiller and Molson Coors have signed a letter of intent to create a US (and Puerto Rico) joint venture,