You are here

AB InBev bids US$104b for SABMiller After offers rejected

Wednesday, October 7, 2015 - 14:29

LeuvenBev071015.jpg
Anheuser-Busch InBev NV offered to buy SABMiller Plc for 68.2 billion pounds (S$147.5 billion) after the London-based brewer spurned two previous proposals made privately.

[PARIS] Anheuser-Busch InBev NV offered to buy SABMiller Plc for 68.2 billion pounds (S$147.5 billion) after the London-based brewer spurned two previous proposals made privately.

The Budweiser maker bid 42.15 pounds a share in cash, with a partial stock alternative available for about 41 per cent of the SABMiller shares, AB InBev said in a statement Wednesday. SABMiller rejected to prior offers of 38 pounds a share and 40 pounds a share, according to the statement.

"AB InBev is disappointed that the Board of SABMiller has rejected both of these prior approaches without any meaningful engagement," AB InBev said.

BLOOMBERG

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom