27th Sep 2006 11:00
SABMiller PLC27 September 2006 SABMiller tender offer to acquire remaining Bavaria S.A. shares in Colombia London and Johannesburg, 27 September 2006. SABMiller plc ("SABMiller"), one ofthe world's leading brewers, announces today the launch of a tender offer on theColombian Stock Exchange for all of the shares in Bavaria S.A. ("Bavaria") whichthe SABMiller group does not already own, at a cash price of 46,176 Colombianpesos (approximately US$19.10) per share (the "Offer"). The Offer is being madeat the fair value price determined by an independent investment bank, asrequired by Colombian securities laws, in accordance with the process outlinedat the time of the announcement of the Bavaria transaction. The shares that are the subject of the Offer represent 2.22% of Bavaria and thetotal cash consideration payable if the Offer is accepted in full is expected tobe approximately 252,945 million Colombian pesos (approximately US$105 million).The Offer may be accepted during Colombian Stock Exchange trading hours on12 October 2006. Ends Notes to editors: SABMiller SABMiller plc is one of the world's largest brewers with brewing interests ordistribution agreements in over 60 countries across six continents. The group'sbrands include premium international beers such as Miller Genuine Draft, PeroniNastro Azzurro and Pilsner Urquell, as well as an exceptional range of marketleading local brands. Outside the USA, SABMiller plc is also one of the largestbottlers of Coca-Cola products in the world. In the year ended 31 March 2006, the group reported US$15,307 million inrevenues and profit before tax of US$2,453 million. SABMiller plc is listed onthe London and Johannesburg stock exchanges. This announcement is available on www.sabmiller.com Enquiries:------------ SABMiller plc Tel: +44 20 7659 0100 Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184 Rachel Kentleton Senior Investor Relations Manager Tel: +44 20 7659 0113 James Crampton Media Relations Manager Tel: +44 20 7659 0172 This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy or acquire securities of SABMiller plc (the"Company") or any of its affiliates in any jurisdiction or an inducement toenter into investment activity. This document includes "forward-looking statements". These statements maycontain the words "anticipate", "believe", "intend", "estimate", "expect" andwords of similar meaning. All statements other than statements of historicalfacts included in this announcement, including, without limitation, thoseregarding the Company's financial position, business strategy, plans andobjectives of management for future operations (including development plans andobjectives relating to the Company's products and services) are forward-lookingstatements. These forward-looking statements involve known and unknown risks,uncertainties and other important factors that could cause the actual results,performance or achievements of the Company to be materially different fromfuture results, performance or achievements expressed or implied by suchforward-looking statements. These forward-looking statements are based onnumerous assumptions regarding the Company's present and future businessstrategies and the environment in which the Company will operate in the future.These forward-looking statements speak only as at the date of this announcement.The Company expressly disclaims any obligation or undertaking to disseminate anyupdates or revisions to any forward-looking statements contained in thisannouncement to reflect any change in the Company's expectations with regardthereto or any change in events, conditions or circumstances on which any suchstatement is based. Any information contained in this announcement on the price at which theCompany's securities have been bought or sold in the past, or on the yield onsuch securities, should not be relied upon as a guide to future performance. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SAB.L