South African Breweries to Buy Miller Brewing for $5.6 Billion.

From: The Milwaukee Journal Sentinel (Milwaukee, Wisconsin) (viaKnight-Ridder/Tribune Business News) | Date: May 30, 2002 | Copyright information

Byline: Tom Daykin

May 30--Miller Brewing Co. is being sold to South African Breweries PLC for $5.6 billion, a deal announced Thursday that gives the Milwaukee-based brewer a new owner, a new name and a sharper focus on selling beer.

The combined company will be renamed SABMiller PLC after the sale is final, which is expected to occur by July.

London-based South African Breweries will keep Miller's corporate headquarters, with its 1,010 employees, ...

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