MillerCoors will retain its name and continue to keep its headquarters in Chicago after Molson Coors purchases the 58% stake in the joint venture with SABMiller it does not own.

This was communicated by MillerCoorsCEO Gavin Hattersley to employees in a letter. Earlier, they were speculations that the MillerCoors’ headquarters could be moved to Canada or Colorado once it is absorbed by Molson Coors as part of Anheuser-Busch InBev’s pending acquisition of SABMiller.

However, the latest announcement by Hattersley hasput an end to all the speculations.

As part of an Anheuser-Busch InBev’s planned $106bn takeover of SABMiller, A-B InBev planned to sell SABMiller’s stake in MillerCoors to Molson Coors for $12bn as part of an effort to appease US antitrust regulators.

Currently, around 450 employees are employed at MillerCoors’ 167,000ft2 facility, which is located at 250 S. Wacker Drive, close to Willis Tower. MillerCoors spokesperson Jonathan Stern said that the facility had signed a 15-year lease in 2008.

The company has "no intention on cutting back on space in the building," Stern added. MillerCoors would function as a separate business unit owned by Molson Coors.

In a letter to employees, Hattersley wrote: "First, our organization will keep the MillerCoors name. The name reflects our proud heritage here in the U.S. and has strong recognition and brand equity with our customers. …

"Second, based on a thorough cost and benefits analysis, our MillerCoors headquarters will remain in Chicago, and the Molson Coors headquarters will remain in Colorado."