The world's two biggest beer makers will join forces to create a company that produces almost a third of the world's beer. But in the U.S., the deal will not bring arch rivals Budweiser and Miller under the same roof.
Budweiser maker AB InBev announced Wednesday a final agreement to buy SABMiller for 71 billion pounds ($107 billion).
To ease concerns the brewing behemoth might get a stranglehold of the U.S. market, SABMiller will sell its 58% stake in a venture with fellow brewer Molson Coors for $12 billion. The deal includes rights to the Miller brand name and gives Molson Coors full control of operations.
The combined company — which as yet does not have a name — will...