Pabst, MillerCoors settle the case that could have been the end of the PBR

Pabst Blue Ribbon will apparently live. MillerCoors and Pabst Brewing Co. on Wednesday settled a dispute that Pabst said the brewery giant was threatening to shut down. Although no conditions were immediately announced, "the parties have amicably resolved all outstanding issues in the case," said a Pabst spokesman in a statement. communicated. The settlement comes as the jury was on its first day of deliberations. MillerCoors has been producing and shipping most of the Pabst beer since 1999, but claims it can not continue to do so after the expiry of their contract in 2020. Pabst claimed that MillerCoors was trying to close a competitor and was ignoring a clause in the contract extensions of the transaction. MillerCoors is the US subsidiary of MolsonCoors Brewing Co.

TAP, + 1.14%

Have the latest news sent to your inbox. Subscribe to free e-mails from the MarketWatch newsletter. Register here.

Source link