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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