Molson Coors Set to Double Sales with $12 Billion Beer Deal

Anheuser-Busch InBev NV isn’t the only brewer that may be getting a whole lot bigger because of its plan to buy SABMiller Plc.

In a $12 billion side deal devised to help the mega-merger clear antitrust hurdles, Molson Coors Brewing Co. plans to buy the Miller brand globally and purchase the other 58 percent of the MillerCoors U.S. joint venture. The takeover would more than double Molson Coors’ revenue, which was $4.15 billion last year, and add $1 billion in earnings before interest, taxes, depreciation and amortization.

“The acquisition of the Miller brands globally gives us significant incremental scale in ...