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

[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