Pursuits
AB InBev Lifts SABMiller Takeover Proposal to $103.6 Billion
- Most shareholders to be offered 43.50 pounds a share in cash
- 45 pounds `is what would more or less make everyone agree'
Everything You Need to Know About SABMiller in 60 Seconds
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Anheuser-Busch InBev NV raised its proposed bid for SABMiller Plc to about 67.4 billion pounds ($103.6 billion), seeking to bring the U.K. brewer to the negotiating table ahead of Wednesday’s deadline for an offer that would create the world’s dominant beermaker.
Under the proposal, the majority of stockholders would get 43.50 pounds a share in cash, Leuven, Belgium-based AB InBev said in a statement Monday. SABMiller’s two biggest investors, Altria Group Inc. and BevCo Ltd., the Santo Domingo family’s holding company, would receive 38.88 pounds a share in cash and stock, AB InBev said.