Lee, Klobuchar Announce Hearing Date for SABMiller Acquisition by Anheuser-Busch Inbev
WASHINGTON - Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), the chairman and ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, today announced the committee will hold a hearing on Anheuser-Busch Inbev’s proposal to purchase SABMiller. The hearing will examine how the proposed merger of the world’s two biggest beer producers would impact competition and consumers across the country.
"This hearing will provide an opportunity to publicly examine the impact of the so-called 'beerhemoth' merger on consumers and for the Antitrust Subcommittee to continue its oversight of potentially anticompetitive market consolidation,” Lee said. “I look forward to a productive and informative discussion."
“This hearing will allow us the opportunity to examine this deal closely, including the proposed divestitures, to see how it will impact the price of beer for consumers and if it will harm the craft brewers that are creating jobs and economic growth across the country,” said Klobuchar. “We must ensure competition in the $100 billion a year beer industry remains on tap.”
The hearing is scheduled for Tuesday, December 8 at 10:00 a.m. EST in Dirksen Senate Office Building 226, and will stream here. Witnesses include:
Carlos Brito
CEO, Anheuser-Busch InBev
Mark Hunter
President & CEO, Molson Coors
Bob Pease
CEO, Brewers Association
Craig Purser
President & CEO, National Beer Wholesalers Association
J. Wilson
Minister of Iowa Beer, Iowa Brewers Guild
Diana Moss
President, American Antitrust Institute
