ALBANY, GA (WALB) - The long time rivals of the beer world could soon become part of the same team.
Anheuser-Busch InBev announced an agreement Tuesday in principle with SABMiller to take over the brewer at $67.63 a share to create the world's largest beer-maker. SABMiller which produces beers like Miller Lite and Coors had turned down previous offers by AB InBev.
The brewer of Budweiser increased its offer overnight for the world's second-largest brewer.
Execs on both sides say it's a possible deal and any mega merger would have to satisfy anti-trust regulations in several countries.
The $100 billion deal would create a "Super Brewery" with nine of the world's top 20 beers by volume.
The Miller-Coors Brewing plant in Albany employees about 500 people. If the deal goes through, it's not clear if the merger would have any impact on local operations.