16th Sep 2015 15:25
LONDON (Alliance News) - SABMiller PLC said Tony van Kralingen, the retiring director of Integrated Supply and Human Resources, sold a total of 180,170 shares on Wednesday, in a deal worth about GBP6.5 million.
Details are as follows:
20,000 shares at a price of GBP35.7467 per share
25,000 shares at a price of GBP35.7647 per share
35,000 shares at a price of GBP36.0069 per share
45,000 shares at a price of GBP36.5616 per share
55,170 shares at a price of GBP37.0321 per share
In April, SABMiller said van Kralingen was to retire in December after 33 years with the company.
"SABMiller is a world-class business with a great future. I hope that as a temporary custodian of those businesses and functions which I've had the honour to lead, I have left them in good shape for the next phase of SABMiller's transformation and growth," van Kralingen said in a statement.
Earlier Wednesday, SABMiller confirmed it has been approached by rival Anheuser-Busch InBev SA about a possible takeover, a mega deal that would create by far the world's largest brewer, with a market capitalisation of around USD275 billion, or GBP175 billion. That would make combined entity the sixth largest company in the world by market cap.
The news saw SABMiller shares soar by more than 20%, hitting an intraday high of 3,737.00 pence. SABMiller shares were up 20% at 3,635.50p near the close, the strongest performer in the FTSE 100 Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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