7th Oct 2015 05:45
LONDON (Alliance News) - Anheuser-Busch InBev NV is understood to be considering going public with its takeover bid for SABMiller PLC, following a report on Tuesday which claimed the London-listed company has rejected an informal offer from its larger rival, The Times reported.
On Tuesday, Bloomberg said SABMiller has rejected an informal takeover bid from AB InBev as it considered the offer, said to be around 4,000 pence per share, to be too low. SABMiller is thought to be holding out for an offer closer to 4,500p, the report said, citing people familiar with the matter.
The Times, on Wednesday, said the talks between the two companies have reached an impasse, with a source close to the process saying the difference in views on the value of the bid are "not just a case of a few cents".
AB InBev is now expected to announce the terms it is willing to table for SABMiller, with much to depend on the views of Altria, the US tobacco group, and the Santo Domingo family, who collectively own about 41% of SABMiller.
http://www.thetimes.co.uk/tto/business/industries/consumer/article4578252.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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