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Article: Philip Morris incoming CEO: No deal yet on Miller Brewing
- Article from:
- AP Worldstream
- Article date:
- April 17, 2002
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dateline: MILWAUKEE
Philip Morris Cos. will continue to explore selling Miller Brewing
Co. but has not yet reached any deal, the company's incoming chief
executive said Wednesday.
"We will explore any transactions that we deem favorable both to our
shareholders and the continued growth of Miller on a global basis,
" said Louis Camilleri, who has been designated to take over as CEO
of Miller's parent company, Philip Morris Cos. Inc.
New York-based Philip Morris confirmed several weeks ago it was negotiating
a sale of Miller to South African Breweries Ltd., brewer of Pilsner
Urquell beer and a strong player in emerging markets.
"There's no certainty that ...