M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

Antitrust investigators at the Department of Justice are said to be taking a deep dive into the vertical issues of the giant SABMiller/Anheuser-Busch InBev merger and considering how to ensure that the post-merger AB InBev is prevented from tacit price collusion with Molson Coors, its sole remaining large competitor in the US.

Antitrust investigators at the Department of Justice are said to be taking a deep dive into the vertical issues of the giant SABMiller/Anheuser-Busch InBev merger and considering how to ensure that the post-merger AB InBev is prevented from tacit price collusion with Molson Coors, its sole remaining large competitor in the US.

DOJ Said to Eye Vertical Issues in Beer Merger

The Australian Competition and Consumer Commission is expected to clear Anheuser-Busch InBev’s planned takeover of rival SABMiller, two Australian competition lawyers told CTFN.  “The market is dynamic and there is potential for new entrants ...” the lawyers said.

The Australian Competition and Consumer Commission is expected to clear Anheuser-Busch InBev’s planned takeover of rival SABMiller, two Australian competition lawyers told CTFN.  “The market is dynamic and there is potential for new entrants ...” the lawyers said.

SABMiller/AB InBev Merger Likely to Get ACCC Nod

Investor with primary focus on consumer sector

Vaibhav Saharan

It's been over a month since <a href="https://www.smartkarma.com/entities/5566" target="_blank" data-smartkarma-citation="entities:5566">Surfstitch Group Ltd</a>'s CEO James Cameron suddenly resigned, leading the remaining management to postulate that the resignation was in preparation for a PE led buyout of the company. Here's an article posted amidst that action: <a href="https://www.smartkarma.com/insights/surfstitch-potential-buyout-after-its-linkedin-moment" target="_blank" data-smartkarma-citation="insights:2992">Surfstitch: Potential Buyout After Its LinkedIn Moment</a>. In the absence of any known development or communication since, investor impatience has begun to set in, which is summed up well in a recent Sydney Morning Herald <a href="http://www.smh.com.au/business/surfstitch-under-pressure-as-shares-sink-20160426-gof83v.html" target="_blank">article</a>. Share price that…

It's been over a month since Surfstitch Group Ltd's CEO James Cameron suddenly resigned, leading the remaining management to postulate that the resignation was in preparation for a PE led buyout of the company. Here's an article posted amidst that action: Surfstitch: Potential Buyout After Its LinkedIn Moment. In the absence of any known development or communication since, investor impatience has begun to set in, which is summed up well in a recent Sydney Morning Herald article. Share price that…

Surfstitch Group: Risk Reward Attractive As Impatience Sets In; Buy

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

China Resources Beer (Holdings) Co's, or CRB's, 2015 result was largely within expectation, with 26% year-over-year growth in core net profit (excluding the impairment loss of HKD 178 million), to HKD 1 billion, or HKD 0.42 per share.It is worth highlighting CR Snow further expanded its market share by 1% to 25%, and increased its average selling prices by about 6% in 2015, despite the weak demand and intensified competition in China's brewing industry.Analysts: Jennifer Song &amp; Philip Zhong

China Resources Beer (Holdings) Co's, or CRB's, 2015 result was largely within expectation, with 26% year-over-year growth in core net profit (excluding the impairment loss of HKD 178 million), to HKD 1 billion, or HKD 0.42 per share.It is worth highlighting CR Snow further expanded its market share by 1% to 25%, and increased its average selling prices by about 6% in 2015, despite the weak demand and intensified competition in China's brewing industry.Analysts: Jennifer Song &amp; Philip Zhong

CRB's Strong 2015 Result In Line; The Acquisition of 49% CR Snow Drives FVE to HKD 15.

Anheuser-Busch InBev will need to terminate its licensing agreements with Lion if it wants to get the Australian Competition and Consumer Commission’s go-ahead on its merger with SABMiller, a former Lion executive told <a href="http://ctfn.news" target="_blank">CTFN</a>.

Anheuser-Busch InBev will need to terminate its licensing agreements with Lion if it wants to get the Australian Competition and Consumer Commission’s go-ahead on its merger with SABMiller, a former Lion executive told CTFN.

ACCC Review of SABMiller/AB InBev Hinges on Licensing

United Kingdom

SABMiller was an Anglo-South African multinational brewing and beverage company. It was one of the world's largest brewers, operating in over 80 countries with a portfolio of more than 200 beer brands, and was also a major bottler of Coca-Cola products. The company was founded in 1895 as South African Breweries in Johannesburg and moved its primary listing to London in 1999.

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SABMiller (SAB LN)

DOJ Said to Eye Vertical Issues in Beer Merger

Antitrust investigators at the Department of Justice are said to be taking a deep dive into the vertical issues of the giant...

CTFN

SABMiller/AB InBev Merger Likely to Get ACCC Nod

The Australian Competition and Consumer Commission is expected to clear Anheuser-Busch InBev’s planned takeover of rival SABMiller, two Australian...

CTFN

Surfstitch Group: Risk Reward Attractive As Impatience Sets In; Buy

It's been over a month since Surfstitch Group Ltd's CEO James Cameron suddenly resigned, leading the remaining management to postulate that the...

Vaibhav Saharan

CRB's Strong 2015 Result In Line; The Acquisition of 49% CR Snow Drives FVE to HKD 15.

China Resources Beer (Holdings) Co's, or CRB's, 2015 result was largely within expectation, with 26% year-over-year growth in core net profit...

Morningstar, Inc.

ACCC Review of SABMiller/AB InBev Hinges on Licensing

Anheuser-Busch InBev will need to terminate its licensing agreements with Lion if it wants to get the Australian Competition and Consumer...

CTFN

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