Tags: EU | Beer Merger

AB InBev Ups Its Offer for SABMiller to Create Beer Giant

Wednesday, 07 October 2015 05:20 AM

BRUSSELS (AP) — Belgium-based Anheuser-Busch InBev has made a third offer for the shares of SABMiller plc in its quest to create a global beer behemoth.

AB InBev announced Wednesday it increased its proposal to 42.15 British pounds ($64.35) per share in cash, after earlier proposals of 38 pounds and 40 pounds were rejected.

If the SABMiller would accept the offer and the merger passes regulatory approval, it would create a beer company with some 31 percent of the global market and would dwarf the next-biggest player, Heineken, which has 9 percent of the global market.

AB InBev CEO Carlos Brito said the combined company "would build the first truly global beer company."

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
Belgium-based Anheuser-Busch InBev has made a third offer for the shares of SABMiller plc in its quest to create a global beer behemoth.AB InBev announced Wednesday it increased its proposal to 42.15 British pounds ($64.35) per share in cash, after earlier proposals of 38...
EU,Beer Merger
112
2015-20-07
Wednesday, 07 October 2015 05:20 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved