SABMiller agrees to sell off its 58 percent economic interest and 50 percent voting interest in MillerCoors.

The deal combines the world’s two largest brewing companies that will control nearly one third of the world’s beer supply.

The American Beverage Association (ABA) announced the re-election of Rodger Collins, president of packaged beverages for Dr Pepper Snapple Group, as chair of its board of directors, as well as other officers to the board.

Announcing what would create a beer behemoth controlling nearly one third of the world’s beer supply, Belgium’s Anheuser-Busch InBev NV and SABMiller plc said the companies have reached agreement in principle on the key terms of a possible takeover by AB InBev.

 The combined company would produce about one-third of the world’s beer supply. 

The American Beverage Association announced the election of 10 members to its Board of Directors.

Anheuser-Busch announced it will acquire Los Angeles-based Golden Road Brewing craft brewery and brew pub. The company says the deal will enable Golden Road to bring more of its fresh, canned beer to the brewery’s local market and to introduce its unique hop-forward beers to more consumers.

Following a 5-year audit, the Internal Revenue Service notified the Coca-Cola Company that it owes an additional $3.3 billion in federal taxes plus interest for the period of 2007-2009, the company announced last week.

The world’s largest brewing company Anheuser-Busch InBev NV announced Wednesday it is considering a takeover of rival SABMiller plc and has approached the company about this possibility. No bid or offer has been made.

MilllerCoors, a joint venture between beverage companies SABMiller and Molson Coors Brewing Company, said it will close its Eden, N.C. brewery in September of next year.