Just heard that AB InBev has, as predicted, sold off Tennent's to C&C, the makers of Magners carbonated apple-waste drink. C&C will also take over InBev's distribution business in Scotland and Ireland. This is more of a partnership deal than a takeover, based on my brief glance at it. That's good for Tennent's as it protects it from what I thought might happen, i.e. InBev throwing its massive marketing budget into competing against it once they no longer own it.
Is it me, or is the price of £180m stupid cheap? I know InBev really needs the cash, but still.
Also interesting is that InBev apparently wants to keep the prestigious Tennent's Super brand for itself.