AB InBev raises SABMiller takeover offer to £67bn

AB InBev raises SABMiller takeover offer to £67bn

Anheuser-Busch InBev, who brews Budweiser, Stella Artois and Corona, has made its fourth offer to takeover rival SABMiller in the hopes to create a giant that would make nearly a third of the World’s beer.

This latest offer stands at £43.50 per share with an option available for some to take a lower-priced mix of cash and shares, following previous rejections of 38, 40 & 42.15 pounds per share.

InBev has increased it’s takeover proposal by roughly 2.4 billion ahead of Wednesday’s deadline, when it hopes to confirm what would be the biggest UK company takeover.

Although SAB has yet to comment on the new offer, analysts at RBC Capital Markets have predicted that both sides will make a move before the deadline; “Our view remains that it is in neither ABI nor SAB’s interest for this proposed bid to fail”.

SABMiller shares rose 0.8% on news of the latest offer.

 

Safiya Bashir on 12/10/2015