Miller To Buy Grolsch

The big continue to only get bigger:

SABMiller plans to buy Royal Grolsch for $1.2 billion, with plans to expand sales of the 392-year-old Dutch beer brand in Latin America and South Africa.

Grolsch accepted a bid - subject to shareholder approval in January - of 48.25 euros a share in cash, London-based SABMiller said. That’s a premium of 79% over its previous closing price.

Read the full story at RealBeer.com.

November 19, 2007 | Filed Under Beer, Domestic, Imports 

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