SAB Miller agrees takeover bid from AB InBev
The long anticipated AB InBev takeover of rival SABMiller looks to finally be going ahead after the two companies announced that they had reached an agreement in principle.
AB InBev increased its offer of £44 a share, which equates to around £70bn and, if successful, will result in the world’s largest brewer.
In a joint statement the boards of the world’s biggest two beer firms said they had “reached agreement in principle on the key terms of a possible recommended offer”.
The news comes one day before AB InBev’s deadline in which it had to make a formal bid for SABMiller or walk Read full story ›
Source: The Drum
