Beer Stocks In Play Amid Conflicting Reports Of Anheuser Busch InBev SA (ADR)/SABmiller Acquisition

Loading...
Loading...

Anheuser Busch InBev SA (ADR) BUD is seeking financing to purchase SABMiller plc in a deal worth (US)$122 billion, according to The Wall Street Journal, which cited people familiar with the matter said.

Following that report, however, CNBC's David Faber reported that his sources say not only is there no deal, there are not even talks about financing a deal taking place.

Amid the conflicting reports, Anheuser-Busch is trading up 3.4 percent to $114.79, while Molson Coors Brewing Company TAP is up just 7.5 percent to $77.19.

Posted In: CNBCNewsWall Street JournalMoversMedia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...