AB-InBev wants SABMiller

Anheuser-Busch InBev said Wednesday it has approached rival SABMiller with a takeover offer, a deal that would combine the two biggest brewers into a global beer behemoth.

Leuven, Belgium-based AB InBev said in a statement that its intention is “to work with SABMiller’s board toward a recommended transaction.”

SABMiller, based in London, said it “will review and respond as appropriate to any proposal which might be made.”

AB InBev makes more than 200 beers, including Budweiser and Corona, and operates in 25 countries. SABMiller makes more than 200 beers, including Miller Genuine Draft and Pilsner Urquell, and has operations in more than 80 countries.

The combined company would have a market capitalization of about $275 billion.

AB InBev’s offer comes as consumer tastes are changing and craft brewing is becoming more popular, forcing beer giants to adjust.