MillerCoors being investigated for anti-trust violations

“North Carolina Attorney General Roy Cooper spoke at a Teamsters rally outside of the MillerCoors brewery in Eden, N.C., and indicated that the state is investigating the Big Beer company’s decision to close the brewery.

MillerCoors announced plans to close the Eden brewery in September 2015, just two days before merger talks between AB InBev (ABI) and SABMiller (SAB) became public. SAB and Molson Coors are co-owners of MillerCoors.

The Eden brewery is a large and efficient facility that accounts for approximately 12.5 percent of MillerCoors’ beer production and nearly 4 percent of the entire U.S. beer market. The Teamsters believe that the timing of the closure announcement was not accidental, and the closure, if it takes place, may lead to higher beer prices.” — Chris Crowell, Craft Brewing Business

Read more here:  http://www.craftbrewingbusiness.com/news/n-c-attorney-general-says-state-is-investigating-millercoors-for-anti-trust-violations/