12th Oct 2015 05:25
LONDON (Alliance News) - Anheuser-Busch InBev is expected to increase its GBP65 billion offer for SABMiller early this week, The Times reported on Monday.
Citing sources close to AB InBev, the newspaper said the brewer was likely to table an improved offer valuing SABMiller at GBP43 to GBP44 per share before the 1700 BST deadline on Wednesday. Its current offer stands at GBP42.15 per share. The stock closed Friday at 3,668.50 pence.
The report said that AB InBev is understood to be willing to move closer to GBP70 billion. However, the brewer is prepared to walk away if concessions are not made by SABMiller.
http://www.thesundaytimes.co.uk/sto/business/Companies/article1617901.ece
By Samuel Agini; [email protected]; @samuelagini
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