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SABMiller, AB InBev to discuss merger at Capitol

Posted: 6:58 AM, Dec 08, 2015
Updated: 2015-12-08 07:58:36-05
MILWAUKEE -- Budweiser and Miller's parent companies head to Capitol Hill Tuesday morning. 
 
They'll be talking to a congressional committee about a $110 billion merger deal currently on the table. 
 
There's no word from Miller on how it could change operations in Milwaukee if the deal goes through.
 
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A spokesperson with SABMiller said they "can't speculate now on any effect it might have on operations."
 
AB InBev is Budweiser's parent company and if they are allowed to buy out SABMiller, it would create the largest beer conglomerate in the world.
 
Initially, the offer was $106 billion. The price tag is now up to $110 billion.
 
Among those testifying Tuesday morning -- the CEO of AB InBev, the National Beer Wholesalers Association CEO and the CEO of Molson Coors.
 
In an attempt to avoid issues with the Department of Justice, Molson Coors bought SABMiller's 58 percent stake in Miller Coors earlier this fall.
 
That hearing gets under way at 9 a.m.