Brewer SABMiller ac­cepts AB InBev of­fer

The Myanmar Times - - International Business -

BREWER SABMiller’s board has ac­cepted a fi­nal takeover of­fer from ri­val An­heuser-Busch InBev herald­ing what will be one of the world’s big­gest ever takeovers.

The Bel­gium-based AB InBev had raised its cash of­fer to US$$60 per share from $58, in a re­vised pro­posal tabled af­ter the value of the pound slumped fol­low­ing Bri­tain’s vote to leave the EU.

The trans­ac­tion now val­ues SABMiller’s en­tire “is­sued and to be is­sued” share cap­i­tal at around $104 bil­lion, AB InBev said.

The deal has gained the back­ing of Chi­nese reg­u­la­tory au­thor­i­ties and has pre­vi­ously been ap­proved in the United States, Euro­pean Union and South Africa, where SABMiller has its ori­gins.

The buy­out of Lon­don-based SABMiller is ex­pected to boost AB InBev’s prospects in de­vel­op­ing mar­kets in Africa and in China.

If ap­proved the takeover will cre­ate a new en­tity sell­ing more than twice as much beer as its near­est ri­val, Heineken, which is cur­rently the world’s third-largest brewer.

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