Just days after suit became public, the Int’l Brotherhood of Teamsters has already announced it will host conf call this Friday “to discuss potential obstacles to Justice Department antitrust approval of the proposed” deal to buy SABMiller and sale of MillerCoors JV to Molson Coors. Suit filed by Pabst “raises concerns about the Eden closure,” per Teamsters statement. MC’s shutting down Eden, NC plant “will eliminate needed production capacity in the U.S., drive up prices for consumers and harm industry competition,” said David Laughton, dir of Teamster’s Brewery Workers’ Conference, which represents all teamsters at 11 ABI breweries and 3 MC breweries. “It is becoming harder to see how the U.S. Justice Department can greenlight this deal without addressing the anticompetitive effects of an Eden closure,” he added.
Teamsters Troubled By ABI-SAB Deal in Light of Pabst Suit vs MC over Eden Closing
Publishing Info
- Newsletter: INSIGHTS Express
- Published: 05/09/2016
- Volume: 18
- Issue #: 86