Report: NAB Seeking Buyers

Dear Client:Big news day. It's not a total surprise, but North American Breweries has been put up for sale by its owner, KPS Capital Partners, according to Reuters, citing "sources familiar with the matter." Recall that NAB chief Rich Lozyniak had said a few times that while KPS was happy with their investment, there may be a time to cash out.Sources say the company could fetch around $400 million. KPS has hired investment bank UBS to advise on the sale.