22nd Jul 2016 05:55
LONDON (Alliance News) - US activist investor Elliott Management has written to the board of SABMiller PLC to raise concerns about the structure of its proposed GBP71 billion takeover by US rival Anheuser-Busch InBev NV, the Financial Times reported.
Elliott, which has a 1.46% stake in SABMiller, wrote to the board about the payment structure of the deal in the past few days, the report said, citing people with knowledge of the letter.
Hedge fund managers TCI and Davidson Kempner also have taken stakes in SABMiller and are understood to be pushing for a higher cash offer, the FT reported.
http://www.ft.com/cms/s/0/d8941ffc-4f3f-11e6-8172-e39ecd3b86fc.html#axzz4F3NfxOfF
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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