May 25, 2002 -- Following months of speculation, this may finally be the week that brings the long-anticipated merger between South African Breweries (SAB) and Miller Brewing of the U.S., according to a story in the Milwaukee Journal Sentinel.

In a report detailing the US$5 billion deal, the Journal Sentinel predicts that SAB could make the announcement of its acquisition of Miller by as early as mid-week. The combined company would become the world's second largest brewer behind Anheuser-Busch of the U.S. The report also predicts that Philip Morris Cos., Miller's current owner, would retain a 30% stake in the new company.

A Miller spokesman declined comment, but both SAB and Philip Morris have previously confirmed that the two companies are engaged in negotiations.

Search The Real Beer Library For More Articles Related To: Miller Brewing, South African Breweries

Feedback?

We're very interested in your news, notes, comments and questions, so please feel free to contact SBWoB by clicking on the link below. Or you can add your comments when you sign up for the World of Beer Update, a mid-month e-mail newsletter that brings even more of the world of beer to your computer.

Send Feedback To: beaumont@worldofbeer.com