SABMiller has accepted a takeover proposal from Anheuser-Busch InBev, the world’s largest brewer, in a deal that would include cash and stock worth 68 billion pounds ($104.4 billion).

The new conglomerate would brew more than 30% of the world’s beer, merging AB InBev’s Budweiser, Stella Artois and Corona lagers with SABMiller’s Peroni, Grolsch and Pilsner Urquell.

The deal would rank in the top five mergers in corporate history and would be the largest acquisition of a UK company. This transaction opens up the African market for AB InBev, a market with which SABMiller has a longstanding history.

It will be interesting to see what impact this has on the United States beer industry, an area where sales of macro produced beers have remained rather flat over the past few years.

The Alcohol and Tobacco Tax and Trade Bureau (TTB) has
accepted a $450,000 offer in compromise from MillerCoors, LLC for alleged violations of the trade practice provisions of the Federal Alcohol Administration (FAA) Act.

The allegations of trade practice violations stem from MillerCoors’ Miller Fortune BuyBack Program in which MillerCoors guaranteed participating wholesalers/distributors that it would buy back Miller Fortune product that did not sell and went out of code if the wholesalers/distributors fulfilled certain executional standards which included distribution, speed to market, and forecasting/ordering compliance. The Bureau alleges that MillerCoors’ violations of the Consignment Sales provisions of the FAA Act resulted
in 1,484,792 cases being sold to its wholesalers/distributors located in states with similar state laws.

Under the Consignment Sales provisions of the FAA Act, it is unlawful for an industry member to sell or for any trade buyer to purchase alcohol beverage products with the privilege of return. Furthermore, TTB Ruling 2012-4, Freshness Dating and Allowable Returns of Malt Beverages under the FAA Act, was issued to address the very type of program arrangement that MillerCoors allegedly engaged in.