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October 12, 2008 3:55:34 PM CDT

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Cheers: Feds OK Miller, Coors Merger

Posted Jun 5, 08 5:46 PM CDT in Business,  US 

(Newser) – The US Justice Department today approved a merger between Miller and Coors, opening the door to a union that will command almost 30% of US beer sales, the Wall Street Journal reports. Anheuser-Busch, the country’s largest brewer, controls about 50%. Regulators said the merger—expected to be wrapped up mid-year—“is not likely to lessen competition substantially.”

In fact, the feds predict the deal will help bring prices down. The ruling paves the way for an alliance hoped for since October of last year, and the two companies will now have to figure out some tricky logistics. Miller Lite and Coors Light are traditional rivals in a market dominated by Anheuser’s Bud Light.

Source Wall Street Journal

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A tap for Coors beer.   (AP Photo/David Zalubowski)
Barrels of beer.   (AP Photo/Keystone, Gaetan Bally)
Miller High Life.   (AP Photo)
Products from Coors and Miller sit in a grocery store cooler.   (AP Photo/Jeff Roberson)
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merger  • beer  • Anheuser-Busch  • Justice Department  • MillerCoors  • Miller Brewing  • brewing  • Molson Coors Brewing Co.


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