Fraser & Neave Ltd. rose above Thai billionaire Charoen Sirivadhanabhakdi’s offer price as investors speculated that the Singapore-based company may attract a higher bid and Heineken NV considered its next step in a two-month battle to gain control of F&N’s beer business.
The Mexican units of Anheuser Busch InBev NV and Heineken NV must cap exclusive distribution deals with small retailers selling their beer at 20 percent or pay fines, the nation’s antitrust regulator said.
Anheuser-Busch InBev NV and U.S. regulators are proceeding with talks to allow the company to acquire Grupo Modelo SAB even after the government filed a lawsuit to stop it, said people familiar with the matter.
Molson Coors Brewing Co., the U.S. maker of Carling lager, agreed to buy StarBev LP for 2.65 billion euros ($3.54 billion) to add beer brands such as Staropramen and provide a route into central and eastern Europe.
Private equity lawyer William Kirsch joined Baker & McKenzie LLP’s Chicago office where he will head the firm’s North American private equity practice. Stacey Kern and Garry Jaunal, also private equity attorneys, have joined the firm, too, bolstering its domestic practice.
Diageo Plc, the world’s largest distiller, advanced to its highest price ever in London trading after first-quarter revenue growth beat analyst estimates, led by gains in Latin America, Asia and Africa.