Lee, Klobuchar Announce Hearing Date for SABMiller Acquisition by Anheuser-Busch Inbev [UPH Wire]

*FOR IMMEDIATE RELEASE*
Monday, December 1, 2015

*Lee, Klobuchar Announce Hearing Date for SABMiller Acquisition by
Anheuser-Busch Inbev*

WASHINGTON – Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), the
chairman and ranking member of the Senate Judiciary Subcommittee on
Antitrust, Competition Policy, and Consumer Rights, today announced the
committee will hold a hearing on Anheuser-Busch Inbev’s proposal to
purchase SABMiller. The hearing will examine how the proposed merger of the
world’s two biggest beer producers would impact competition and consumers
across the country.

“This hearing will provide an opportunity to publicly examine the impact of
the so-called ‘beerhemoth’ merger on consumers and for the Antitrust
Subcommittee to continue its oversight of potentially anticompetitive
market consolidation,” Lee said. “I look forward to a productive and
informative discussion.”

“This hearing will allow us the opportunity to examine this deal
closely, including the proposed divestitures, to see how it will impact the
price of beer for consumers and if it will harm the craft brewers that are
creating jobs and economic growth across the country,” said Klobuchar. “We
must ensure competition in the $100 billion a year beer industry remains on
tap.”

The hearing is scheduled for Tuesday, December 8 at 10:00 a.m. EST in
Dirksen Senate Office Building 226, and will stream here
.
Witnesses
include:

Carlos Brito
CEO, Anheuser-Busch InBev

Mark Hunter
President & CEO, Molson Coors

Bob Pease
CEO, Brewers Association

Craig Purser
President & CEO, National Beer Wholesalers Association

J. Wilson
Minister of Iowa Beer, Iowa Brewers Guild

Diana Moss
President, American Antitrust Institute

*Communications Director (Lee)*
Conn Carroll
Conn_Carroll@lee.senate.gov
202-224-5444

*Press Secretary (Lee)*
Emily Long Emily_Long@lee.senate.gov
202-224-3904

*Press Secretary (Klobuchar)*
Colin Milligan
Colin_Milligan@klobuchar.senate.gov
202-224-3244

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