Biggest beer deal in history would create a super brewery with nine of the top 20 beers by volume.
Anheuser-Busch InBev is purchasing rival SABMiller—maker of Miller Lite, Pilsner Urquell and Peroni, for $104 billion dollars, creating the world’s largest beer manufacturer.
The “super brewery” will boast sales of $55 billion and create nine of top 20 beers by volume, according to a report by CNN Money.
AB InBev (BUD) will offer most SABMiller (SBMRY) shareholders £44 ($67.59) per share. Altria and Colombia’s Santo Domingo family, which are the two biggest shareholders, will receive a cash and shares alternative worth $60 a share.
The agreement still needs to be approved by regulators. If the deal doesn’t go through, AB InBev will pay a $3 billion penalty to SABMiller.
CNN Money noted that, if completed, this would be the biggest beer deal in history and among the top five acquisitions of all time.