AB InBev Makes $100 Billion SABMiller Offer Public After Snubs
- 9 years ago
Busch InBev NV made a third offer for SABMiller Plc, this time going public with a 65.2-billion pound proposal that promptly won support from its biggest shareholder - but not from the target.
The move, which SABMiller rejected as substantially undervaluing the company, raised the stakes in the back-and-forth battle over combining the world's two largest brewers.
A merger would create a beverage empire controlling the No. 1 or 2 positions in 24 of the world's 30 biggest beer markets, according to Exane BNP Paribas.
The move, which SABMiller rejected as substantially undervaluing the company, raised the stakes in the back-and-forth battle over combining the world's two largest brewers.
A merger would create a beverage empire controlling the No. 1 or 2 positions in 24 of the world's 30 biggest beer markets, according to Exane BNP Paribas.