SABMiller reportedly reject informal offer from rival AB InBev
SABMiller has rejected an informal takeover bid of £66.4bn ($100bn) from its rival Anheuser-Busch InBev’s, citing the offer as too low according to reports.
AB InBev’s initial proposal made last week was worth around £40 a share. The Peroni brewer turned down the deal after executives and shareholders said £45 a share represented a more accurate valuation of the company, meaning AB InBev would need to table a £73bn offer.
The London-based SABMiller saw its shares fall by as much 3.9 per cent following the news while AB Inbev’s shares remained largely unchanged.
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Source: The Drum
