Brewing Giants Announce Merger Deal 'In Principle'

The world’s two largest brewers have agreed “in principle” on a $106 billion merger that will combine longtime American brewers, Anheuser Busch and Miller, among many other global brands. Miller’s parent company, the British-owned SABMiller, said it would combine with Belgian-Brazilian Anheuser Busch InBev, or AB InBev, to create a company that controls around 31 percent of the global beer market. To put that in perspective, the next largest beer company, Heineken, controls 9 percent...

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