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Monster Beverage in $16.25 million 'channel-stuffing' settlement

By Nate Raymond and Jonathan Stempel (Reuters) - Monster Beverage Corp <MNST.O> reached a $16.25 million settlement with shareholders who said the energy drink maker defrauded them by overstating the financial benefits of a distribution arrangement with Anheuser-Busch. The accord was disclosed in a Wednesday filing with the U.S. District Court in Los Angeles, and requires court approval.

Molson, Miller beer distribution rights battle heading back to court

TORONTO - Two brewing giants are heading back to court in their battle over the Canadian distribution rights for several bands of Miller beer after talks to reach an out-of-court settlement fell through. The dispute between Molson Coors (TSX:TPX.B) (NYSE:TAP) and Miller Brewing Co. follows an attempt by Miller to terminate its longtime Canadian licensing agreement with Molson Coors. "The parties have been engaged in settlement discussions but have been unable to reach a settlement at this time," a spokesman for Molson Coors said in a brief email statement Tuesday.

Diageo doubles bid for India's United Spirits, shares surge

Diageo launched on Tuesday a new $1.9-billion offer to take control of Indian whisky maker United Spirits as the British drinks giant chases expansion in emerging markets. The doubled offer worth 1.4 billion euros comes after Diageo was forced to settle for a lower stake in India's top spirits maker than it envisaged when investors rejected its 2012 tender bid as being too low. The news sent United Spirits' stock surging on the Bombay Stock Exchange by nearly 12 percent to 2,859.00 rupees.

MillerCoors says probe shows ex-employees embezzled millions

By Lisa Baertlein LOS ANGELES (Reuters) - MillerCoors, a U.S. joint venture between SABMiller Plc and Molson Coors Co, on Thursday said it had uncovered a multi-year scheme in which two former employees allegedly embezzled several million dollars.

AB InBev completes OB purchase

SEOUL, April 1 (Yonhap) -- Anheuser-Busch InBev (AB InBev), the world's largest beer producer, said Tuesday that it has completed the acquisition of Oriental Brewery Co. (OB), South Korea's biggest brewer. Last January, AB InBev said that it will repurchase the local brewer from two global private equity funds Kohlberg Kravis Roberts (KKR) and Affinity Equity Partners for US$5.8 billion.

AP interview: Czech brewer fighting Budweiser trademark battle with AB InBev not for sale

PRAGUE - The brewer Budvar is to remain state-owned as the new Czech government has no plans to change its ownership, the agriculture minister said Thursday. Budejovicky Budvar NP has been fighting with U.S. beer giant Anheuser-Busch for over a century over use of the "Budweiser" brand. The legal battle continued when Anheuser-Busch was taken over by Belgium's InBev in 2008 to create the world's largest brewer.

Budweiser brewer ABInBev says fourth quarter profits rose 45 per cent on growth, cost-cutting

AMSTERDAM - ABInBev SA, the maker of Budweiser and the largest global brewer, has reported a 45 per cent increase in profits for the fourth quarter of 2013 on a mix of acquisitions, growth, and cost-cutting. Net profit was $2.52 billion, up from $1.74 billion in the fourth quarter of 2012. Sales rose 4.6 per cent to $11.7 billion.

AB InBev reports 10% profit rise for 2013

AB InBev, the world's biggest brewer, reported on Wednesday solid fourth-quarter and 2013 results but highlighted a difficult economic environment as sales by volume fell in several key markets. The company said it made a net profit of $2.37 billion in the last three months of 2013, up by a third from the $1.77 billion a year earlier, and easily beating analyst forecasts compiled by Dow Jones Newswires for $1.85 billion. For full-year 2013, net profit rose 10.2 percent to $7.93 billion, with sales increasing 3.3 percent to $43.19 billion.

Molson Coors hopes Olympic fridge in Sochi will boost beer brand back at home

MONTREAL - Molson Coors can't replicate the buzz from the Vancouver Winter Games, but the brewer hopes its red fridge in Sochi will do more than just quench the thirst of Canadian Olympic supporters. "It certainly will have benefit during the Olympics but the real benefit we are looking for is long-lasting benefit that comes from brand equity building," Stewart Glendinning, CEO of Molson Coors Canada, said Thursday after reporting 2013 results. "It's definitely having a great halo on Molson Canadian."

Anheuser Busch InBev's US arm to buy Blue Point Brewing for undisclosed sum

NEW YORK, N.Y. - Anheuser Busch InBev's U.S. arm is buying craft brewer Blue Point Brewing Co. Financial terms were not disclosed. Blue Point makes more than 40 craft beers, including Toasted Lager, Hoptical Illusion, Blueberry Ale and seasonal brands, among others. Founded in 1998, it's the 34th largest craft brewery in the U.S.
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