Lovells drinks to SABMiller's Coors tie-up
Lovells has reaffirmed its relationship with trophy client SABMiller by advising the brewing giant on a multibillion-pound tie-up with market rival Molson Coors Brewing Company.
October 24, 2007 at 10:18 PM
2 minute read
Lovells has reaffirmed its relationship with trophy client SABMiller by advising the brewing giant on a multibillion-pound tie-up with market rival Molson Coors Brewing Company.
The tie-up will see the two companies club together their US and Puerto Rican operations to form a joint venture (JV), trading as MillerCoors.
The deal will forge a new company with annual revenues of around $6.6bn (£3.2bn).
Both companies will hold an equal voting interest while SABMiller will take a 58% stake in the JV, which will operate eight breweries in the US.
Lovells corporate partner Andrew Pearson led the team on the latest deal. Lovells has acted for SABMiller since 1998 and has previously taken headline roles on a series of eye-catching deals, including the company's £3.4bn listing on the London Stock Exchange in 1999 and the $5.62bn (£2.76bn) takeover of Miller brewing Company from Altria three years later.
US law firm Cleary Gottlieb Steen & Hamilton acted as co-counsel on corporate aspects of the deal, with partner Vic Lewkow in the lead role. Kirkland & Ellis corporate partner Scott Falk acted for Molson Coors.
Cleary also took a role advising Molson Coors on antitrust while Joe Sims, a partner at Jones Day's Washington office, advised SABMiller on local antitrust issues.
The deal is the latest to hit the busy brewing sector, which has seen a number of high-profile transactions in recent months, including the informal £7.5bn approach for Scottish & Newcastle by European brewing rivals Heineken and Carlsberg, which were advised by Allen & Overy and Norton Rose respectively.
More news, deals and comment on Lovells
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Skadden, White & Case Guide Citigroup Demerger in Mexico
Kirkland’s O’Shea Acts Alongside Former Outfit Simpson Thacher on KKR Deal
2 minute read
Big Law Sidelined as Asian IPOs in New York Dominated by Small Cap Listings
Quartet Of Firms Engaged As Adani Exits $2B Joint Venture With Singapore’s Wilmar
Trending Stories
- 1We the People?
- 2New York-Based Skadden Team Joins White & Case Group in Mexico City for Citigroup Demerger
- 3No Two Wildfires Alike: Lawyers Take Different Legal Strategies in California
- 4Poop-Themed Dog Toy OK as Parody, but Still Tarnished Jack Daniel’s Brand, Court Says
- 5Meet the New President of NY's Association of Trial Court Jurists
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
