Pursuits
SABMiller Said to Have Rejected Informal Offer From AB InBev
- Proposal made last week was worth over 40 pounds a share
- No final decision made, AB InBev may still walk away from bid
SABMiller Says No to AB InBev's Offer Price
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SABMiller Plc rejected an informal takeover offer from Anheuser-Busch InBev NV of about 66.4 billion pounds ($100 billion) that it considered too low, according to people familiar with the matter.
The initial proposal to the brewer of Peroni and Foster’s beer, made last week, was worth slightly over 40 pounds a share, while its executives and some shareholders regard a deal at closer to 45 pounds as representing a fair value, the people said, asking not to be identified as details of the negotiations aren’t public. A deal at 45 pounds per share would value SABMiller at about 73 billion pounds, and would be the largest merger this year.