6th Oct 2015 10:20
LONDON (Alliance News) - SABMiller PLC is understood to have rejected an informal takeover bid from larger rival Anheuser-Busch InBev NV as it considered the offer to be too low, Bloomberg reported.
Citing people familiar with the matter, Bloomberg said the initial proposal was worth slightly over 4,000 pence per share, but executives and some SABMiller shareholders are looking for an offer closer to 4,500 pence. A deal at 4,500 pence per share would value SABMiller at around GBP73 billion.
One of the sources said SABMiller had communicated its preferred terms to AB InBev, but no final decision has yet been made on making a formal offer.
http://www.bloomberg.com/news/articles/2015-10-06/sabmiller-said-to-have-rejected-informal-offer-from-ab-inbev
By Sam Unsted; [email protected]; @SamUAtAlliance
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