Pursuits
AB InBev, SABMiller Race to End as Takeover Rules Force Hand
- Takeover Panel told SABMiller to make statement as stock rose
- Companies now have 28 days to announce a formal offer
Anheuser-Busch Budweiser, Bud Light, and Busch Light brand beers sit in a refrigerator at a bar in Princeton, Illinois, U.S., on Tuesday, Oct. 28, 2014.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
The world’s largest brewer wanted to keep the biggest deal of the year under wraps. Market chatter and the U.K.’s unique takeover rules got in the way.
The Takeover Panel forced SABMiller Plc to release a statement about an approach from larger rival Anheuser-Busch InBev NV after speculation on Tuesday sent London-based SABMiller’s shares up as much as 4.1 percent, according to two people with knowledge of the matter, who asked not to be identified because the information is private.