Lee, Klobuchar Announce Hearing On Proposed SABMiller Acquisition by Anheuser-Busch Inbev

October 20, 2015

WASHINGTON, DC— 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 for over $103 billion. 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. “Should the deal be finalized, I look forward to a productive and informative discussion."
“The proposal to merge the world’s two biggest beer producers raises serious antitrust concerns for the $100 billion a year beer industry,” Klobuchar said. “It is critical that we examine this deal closely to see how it will affect the price of a pint, and if it will harm the craft brewers that are serving up world class beers and jobs across the country. We must ensure competition in the beer industry remains on tap.”