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U.S. senators announce hearing on AB InBev's planned purchase of SABMiller

Published 20/10/2015, 19:05
© Reuters. A barman pours a beer produced by brewing company SAB Miller at a bar in Cape Town
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WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee's antitrust subcommittee will hold a hearing to discuss Anheuser-Busch Inbev SA's (BR:ABI) plans to buy rival SABMiller PLC (L:SAB), two senators said on Tuesday.

The world's biggest brewer, Anheuser-Busch InBev , and SAB Miller, the world's No. 2, said in mid-October that they had agreed on terms for a deal that is expected to top $100 billion (65 billion pounds).

Senator Mike Lee, a Utah Republican and chairman of the Senate's antitrust panel, announced the hearing along with the top Democrat, Senator Amy Klobuchar of Minnesota.

© Reuters. A barman pours a beer produced by brewing company SAB Miller at a bar in Cape Town

No date or other details of the hearing were given.

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