date:Mar 01, 2013
to comment on the litigation.
SABMiller disagrees with Molson claims that SABMiller's written notice warning of plans to terminate the pact breached the license agreement. SABMiller maintains its right to terminate the licensing agreement with Molson, saying that it gave the necessary six-month notice of termination.
SABMiller also said it is exploring other options for import and distribution of Miller Lite and other beers in Canada.
Molson's shares dropped 1.5% to $44.34 in recent trading.