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SABMiller snubs AB InBev's third offer, says £68b proposal still too low

Thursday, October 8, 2015 - 05:50

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Beers brewed by SABMiller. The company believes it can create more value by remaining independent.

London

SABMiller Plc has rejected  Anheuser-Busch InBev NV's £68 billion (S$146.7 billion) takeover proposal as too low, putting it in conflict with its biggest shareholder, Altria Group Inc, which urged the brewer to support the overture.

AB InBev's approach, made public on

sentifi.com

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