SABMiller plc and Molson Coors Brewing Co. today announced that they have each received a second request for additional information from the Antitrust Division of the U.S. Department of Justice regarding the proposed merger of their U.S. and Puerto Rican subsidiaries.
The request extends the waiting period of the Hart-Scott-Rodino Antitrust Improvement Act of 1976 review of the proposed merger.
Graham Mackay, chief executive of SABMiller, the London-based parent company of Miller Brewing Co., said, "SABMiller and Molson Coors are still on track to reach final agreements by the end of 2007 and believe that the MillerCoors joint venture will create a stronger, brand-led U.S. brewer with the scale, resources and distribution platform to compete more effectively in the increasingly competitive U.S. marketplace."
Leo Kiely, chief executive of Molson Coors, said, "The DOJ request for additional information is a normal and customary part of the regulatory review process. We are cooperating fully with the DOJ's review and will comply with the second request in a timely manner, and our goal remains to close the transaction by mid-2008."
Feds seek more documents on Miller/Coors merger
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