Afternoon Coffee: Anheuser-Busch InBev Formalizes Deal to Acquire SABMiller, Agricultural Industry Braces for Impacts of El Niño

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Anheuser-Busch InBev formalized its deal today to take over SABMiller for $107 billion. AB InBev will pay about $67 per share for the majority of SABMiller’s stock.

The global agricultural industry is preparing for the El Niño weather pattern to pose significant problems this year. Farmers and other agricultural commodity producers are expecting weather-related supply shortages and price fluctuations.

West Coast port productivity is on the rise, rebounding from the 20% drop in market share since the labor strike last year, according to the executive director of the Port of Los Angeles.

The Port of Oakland, however, reported a decline of imports during October. The number of import containers fell 3.3% from October 2014 and import volume was down 14% from the peak in August this year.

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